1121 Polk Street
Charlotte, NC 28206

$4,800,000
98
Beds
46
Baths
0.22
Acres
1,436
SQFT
3343
$/SQFT
$4,800,000
98
Beds
46
Baths
1,436
  sf
$3343 / sf
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under contract
1/36
Street View
Street View

This listing is updated to include 37 Rental Properties. Current monthly expected gross income $30,413. Expected Yearly Gross Rental Income is $364,956. Projected net income is $255,469. This is a well seasoned Residential Rental Portfolio. Low turn over, low vacancy, high occupancy. Ideal for buyers targeting cap rates of 5%-6%. All of the properties are in established neighborhoods with high demand. Property locations include areas near Uptown's NC Music Factory area, Biddleville, JC Smith University area, I-77, I-277 & Ballantyne area. Rates range from $500 to $1675 per month. Tenants pay utilities. Qualified investors with cash, cash equivalent, 50%-60% leveraged transactions welcome! Do not disturb residents. This listing does not include all the necessary information required to analyze this portfolio. The listing template is limited to a single site multi family property. However, this listing includes multiple properties and multiple locations. Contact a Realtor for details

$4,800,000
98
Beds
46
Baths
0.22
Acres
1,436
SQFT
3343
$/SQFT
Listing #: 3396110
Listed by DPW Realty Group Inc
$4,800,000
98
Beds
46
Baths
1,436
  sf
$3343 / sf
Favorite

This listing is updated to include 37 Rental Properties. Current monthly expected gross income $30,413. Expected Yearly Gross Rental Income is $364,956. Projected net income is $255,469. This is a well seasoned Residential Rental Portfolio. Low turn over, low vacancy, high occupancy. Ideal for buyers targeting cap rates of 5%-6%. All of the properties are in established neighborhoods with high demand. Property locations include areas near Uptown's NC Music Factory area, Biddleville, JC Smith University area, I-77, I-277 & Ballantyne area. Rates range from $500 to $1675 per month. Tenants pay utilities. Qualified investors with cash, cash equivalent, 50%-60% leveraged transactions welcome! Do not disturb residents. This listing does not include all the necessary information required to analyze this portfolio. The listing template is limited to a single site multi family property. However, this listing includes multiple properties and multiple locations. Contact a Realtor for details

  • Neighborhood
  • Type
  • Total Baths
  • 1/2 Baths
  • County
    Mecklenburg
  • Status
    Pending
  • Listing #
    3396110
  • Built
    1991
  • Lot Size
    0.22
  • Listed on site
    455 days

Listed by:
DPW Realty Group Inc

Source:
CAROLINAMLS

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School Info

Property details

Community Features

  • No HOA

Property Features

  • Sewer

Waterfront

  • Water Access

Exterior features

  • Deck
  • No Pool
  • Parking Off-Street
  • Porch
  • Parking
  • Basement

Interior Features

  • Carpet Floors
  • Central Air Conditioning
  • Wood Floors
  • Heat Electric
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