INVESTMENT OPPORTUNITY! 3 Duplexes (6 units total) buildings located in Growing Lake Norman Market! Minutes from many grocery stores, dining, shopping and all the recreational amenities Lake Norman has to offer. ALL 6 UNITS are currently rented. Each unit has 2 BR, 1-1.5 Baths, and in-unit laundry hookups. Two 1-story buildings and one 2-story building. All Units include refrigerator and range. The three parcels total 2.59 Acres.
Please do not disturb tenants. Due to logistics of multiple tenants, showings will be scheduled once an offer has been submitted/accepted. Net Operating Income (NOI) has been calculated using a 5% vacancy/turnover absorption factor for underwriting purposes. However, the property is currently 100% occupied. Current lease information available upon request from info@bostonreid.co (not .com)
Flooring and finishes vary for each unit. Properties are on Shared Well / Individual Septic Systems.
The structure at 4707-4709 Grassy Creek is located within a designated floodplain. The seller does not currently carry flood insurance on this property. The structures at 4681-4683 and 4699-4701 Grassy Creek are not located within the floodplain; however, a portion of the land behind each of these buildings does fall within the mapped flood zone.
Parcel ID's: 369601361066, 369601361105, 369601360283.