Mark: 704-985-3128   Phyllis: 704-985-0808   Ann: 704-219-4663   Office: 910-439-9600 
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UNDER-CONTRACT: 20713 Us Hwy 52 Highway S , Albemarle, NC, Albemarle NC

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5 units, leased month to month at $450. I project the leases could be raised to $550 with no improvements and higher with improvements. Priced at a 9% cap as is with a 30% management / maintenance criteria which is non-existent in reality. Pricing the cash flows as 70%, and selling the property for $150,000 in 15 years leaves an NPV of $64,000 instead of 0. I have allowed $110,000 (approx) in money on the table. I am open to offers and thoughts.

Price: $210,000

Status: Active Under Contract

Address: 20713 Us Hwy 52 Highway S , Albemarle, NC

County: Stanly

Bedrooms: 5    Baths: 1/0

Living Area: 3,720 sqft (estimated)

Architecture: Garden

Property Type: Residential Income Multi-Family

ConstructionT: Manufactured,Site Built

Foundation: Block, Crawl Space

Lot Size: 1.2600 acres 196, 307, 74, 135, 67, 139 per tax record

Lot Features: Paved, Wooded, Views, See Remarks

Zoning Desc.: CountyHB

Appliances: Other

Fireplace: Other

Flooring: See Remarks

Heating: Central, Heat Pump, See Remarks

Laundry: Other

Exterior:

Parking: Parking Lot, Parking Space - 4+, Other

Year Built: 1957

Driveway: Asphalt,Gravel

Community: Other

Schools

Elementary School: Unspecified

Middle School: Unspecified

High School: Unspecified

Water Source: Public,County Water

Sewer: Public Sewer,County Sewer

Water Heater: Electric

SpecialListingConditions: None

Deed Reference: 1576/147

Geocode Source: Manual

Table: Listing - Multifamily

Pets Allowed: Yes

Canopy MLS Info

MLS#: CAR3652515

Listing Data Date: 2020-09-16 00:52:06.434

Photos Changed: 2020-09-16 00:52:06

Pending: 2020-09-15 04:00:00

Status Change: 2020-09-16 00:51:21

Broker: NorthGroup Real Estate, Inc.

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MLS

The Tillery Team
RE/MAX Properties

Call: (910) 439-9600
Email: info@thetilleryteam.com

Mark McRae Owner / Broker
Mark McRae, Broker/Owner
Cell 704-985-3128
mmcrae@thetilleryteam.com

Phyllis Kimrey Realtor / Broker
Phyllis Kimrey-Dunn, Realtor/Broker
Cell 704-985-0808
phyllis@thetilleryteam.com

Ann Cleaver Realtor / Broker
Ann Cleaver, Realtor/Broker
Cell 704-219-4663
anncleaver@thetilleryteam.com

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