FOR SALE BY OWNER: Perfect 1031 Choice... Well-maintained property managed by the owner; it is located in a great area. (LIHTC) property; the restriction will end in December 2029.( After that you can Charge Market Rent). The current maximum rent is $1323.00 per unit, which increases yearly. The complex includes a laundry room, community room, and library. Each unit is 1 bedroom and 1 bath; 32 units. Buyers, please conduct your research. I can provide further financial information as needed. Buyer's agent can contact me for their commission. The building is priced at $6,999,000. with the vacant land. The building and lot are on one parcel but have two different addresses: The Building is at 1300 Pamlico Street, and the vacant land is at 1248 Louise Avenue. The property is priced below the current market value due to restrictions. Come visit me and you are welcome to ask anything; my books are open to new buyers. • Great neighborhood lined with Million-dollar homes on the same block. Excellent location.