108 Oakwood St. High Point, NC 27262
*****BRING ME A BUYER @ full asking price AND I will pay you 20,000 dollars at closing*****
13 ROOMS in total
This property brought in 55K in revenue last year, PROPERTY MANAGER IN PLACE. We have Financials for PROOF. 10 TENANTS currently in place.
Used as a boarding house at the moment
SqFt: 4,224 sqft
ASKING: 310,000
PROPERTY has TENANTS in place
TENANT rent: 120.00 per week per room
x 13 rooms: 1,560 per week
per month: 6,240 per month
per year: 74,880.00 @ 100% occupancy GROSS
Yearly expenses: 20K per year
CABLE/WIFI/WATER/GAS/ELECTRIC/INSURANCE/TAXES
Net @ 100% occupancy: 54,880 15% CAP RATE
COULD BE TURNED INTO a SOBER LIVING facility
Repairs: COSMETIC, ROOF does not need to be replaced
(Depending on buyer and buyer’s purpose)
Call Ryan S. @ 704-629-8508 for a walk-through