(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 (one unit does not have a dishwasher). 

2. Central air/heat

3. Tilt-in windows

4. Separate meters (tenants pay all utilities);  Exception, is sump pump electric bill on units 619/621.  Approximately $22/month or $11/month per unit.

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.

OWNER WILL CONSIDER FINANCING 10% OF PURCHASE PRICE !!!!

GENERAL TERMS:  6%, AMORTIZED OVER 30 YEARS, FORGIVEN AFTER 5 YEARS.

(7) 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. 

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

All units are rented as of 3/30/2012.

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.

Realtors are welcome, but a fee would be capped at 1.5% per property.