1121 Polk Street is a $2,100,000, 16,840 square foot, 37 bedroom home on a 0.22 acre lot located in Charlotte, NC.
The price of this rental income portfolio has been revised to include 16 units consisting of single family homes and townhomes. This address is one being sold together as part of a well seasoned Residential Rental Income Portfolio. Low turn over, low vacancy & high occupancy all year. Currently at 100% occupancy as of the listing date. Ideal for buyers targeting cap rates of 6%. All of the properties are in established neighborhoods with high demand in areas including this property near Uptown's NC Music Factory area, Biddleville, JC Smith University area, I-77, I-277 & Ballantyne area. Rents irange from $500 to $1600 per month. Tenants pay all utilities. Expected gross income is $161,2564 + 8% rent increases for 2018-2019. Qualified investors with cash or cash equivalent, 50%-60% leveraged transactions also welcome! Do not disturb residents. Contact the listing agent or Call your Real Estate Broker for additional information & brochure available with this listing.
|Above Grade Sqft||16,840|
Electric Baseboard Heat
Gas Hot Air
Parking Space - 2
Brick Veneer Partial
walter g byers
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