1121 Jackson St - Multi-Family FOR SALE


Burlington, NC 27217- North Burlington
$475,000 USD
919-899-7799
1121 Jackson St, Burlington, NC for Sale
$475,000 USD
Multi-Family - FOR SALE
1/9
null | 7.54% Cap Rate

1121 Jackson St
Burlington, NC 27217
North Burlington


HIGHLIGHTS

  • Excellent Investment opportunity
  • Sale includes neighboring parcel (vacant land).
  • 3 x Renovated units

OVERVIEW

2 Parcels being sold the 4 unit Apartment building and Vacant lot (Tax Parcel #136348) both zoned R6. Vacant lot size is .31 acres + Apartment building .33 for a total of .64 acres. Incredible opportunity for investors! Each unit in the apartment building offers 2 bedrooms and 1 bathroom. Three of the four units have been beautifully renovated and are currently rented at $995/month, generating immediate income. The fourth unit is ready for your finishing touch—add value and boost your return! One lease expires 10/31 and rent will go up to $1100. The vacant lot opens up additional development potential to build another 4 unit rental. Whether you're looking to grow your portfolio or house hack your first property, this is a chance to own a cash -flowing asset with upside in a great location. Don't miss it!

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

4

PRICE/UNIT

$118,750

CAP RATE

7.54%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jackson Multi Family Quad

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1995

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R6

APN/PARCEL ID

136344

ASK ABOUT THIS PROPERTY

Brandon WilliamsonNavigate RealtyMore Info
919-899-7799

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Brandon WilliamsonNavigate RealtyMore Info
919-899-7799

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.