Set of (4) Duplexes for Sale - Excellent Income Properties

(4) Investment Duplexes for Sale Addresses:

619/621 St. James Church Road

625/627 St. James Church Road

629/631 St. James Church Road

635/637 St. James Church Road

All - Newton, North Carolina, 28658

All in a row - easy to maintain, mow, etc.

Stickbuilt, quality construction, vinyl exterior.

Each duplex is on an individual parcel of land, each of approximately .44 acres.

Beautiful, quiet setting with a wooded area directly behind units.

(4) Duplexes = (8) total rental units

Each rental unit is a 2 bedroom, 1 bath unit featuring:

1. Range, refrigerator, dishwasher, washer/dryer hook-up

2. Central air/heat

3. Tilt-in windows

4. Separate meters (tenants pay all utilities)

5. 900 Sq. ft, with lots of closet space

6. Rear wood decks

7. Off street parking - 2 to 3 spaces per unit

8. Built on crawlspace

All units have been very well maintained, and show well for rental appointments.

Price per duplex is $120,000. This would equate to $480,000 for all four duplexes.

(6) out of (8) rental units are rented for $525/month, with deposits ranging from $300-$500.

(1) unit is rented for $500/month, with a $300 deposit. 

(1) unit has a very long term tenant, and that unit is $495/month, with a $100 deposit.

Leases are for one year, then changing to month-to-month.

All units are rented as of 4/30/2010.

Should any vacancies exist at the time of sale, the buyer will receive $1050 for each vacancy to cover any lost rent.

These units were bought as income property, for the tax benefits.

They have served that purpose well, but in 2008, owner was diagnosed with cancer.

While treatments have been successful, owner lacks the energy to manage these units.

Owner wants to relocate to Florida, and these units must be sold.

Price is negotiable. Realtors are welcome, but a fee would be limited to 1% per property.