22 units, 4 total buildings within 1 block of each other
514/520 Cascade Ave: 12 units between the 2 buildings that share an asphalt parking lot
1600 Betz St/700 Nelson St: 10 units between 2 buildings that are connected w/ separate gravel parking lots
All units are 2bed/1bath and have mini splits for heating/cooling
Units are all the same general layout
Each building is on its own lot. 4 lots for a total of 1.54 acres according to Nash County GIS
Electricity is individually metered and paid by tenants directly to the provider
Water is individually sub-metered
8 vacancies, 14 Occupied units with rents ranging from $750-$850/mo
Projected stabilized cap rate of 12.33%