Description
Fully rented, lead-free, and licensed mixed-use 4-plex in Greensboro. Property sits on the high traffic intersection of Sunset and Main in the downtown corridor. 1 unit is commercial and 3 units are residential. The commercial unit was completely renovated in 2019 and is extremely nice inside. The residential units are an efficiency (recently redone), a one bedroom (also recently redone), and a very large one bedroom upstairs/downstairs unit. There is also a patio for two of the units. All 4 units are on separate electrical meters. Total income from all 4 units is $3,345/month, with easy ability to raise rents as they are below market. Total square footage is approximately 3,500. 10% cap rate "as is." Seller is willing to carry back financing with at least 20% down.
Description
Fully rented, lead-free, and licensed mixed-use 4-plex in Greensboro. Property sits on the high traffic intersection of Sunset and Main in the downtown corridor. 1 unit is commercial and 3 units are residential. The commercial unit was completely renovated in 2019 and is extremely nice inside. The residential units are an efficiency (recently redone), a one bedroom (also recently redone), and a very large one bedroom upstairs/downstairs unit. There is also a patio for two of the units. All 4 units are on separate electrical meters. Total income from all 4 units is $3,345/month, with easy ability to raise rents as they are below market. Total square footage is approximately 3,500. 10% cap rate "as is." Seller is willing to carry back financing with at least 20% down.
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