This is an amazing investment opportunity involving the purchase of a duplex in Winston Salem, NC for $135,000. The favorable purchase price and the current market rent rates in the area, combined with strong rental demand, makes this an amazing deal. This opportunity has immediate equity and the potential for long-term financial growth and should be carefully evaluated. Finally, an invetor will notice you can earn as much as $969 a month per side if you decide to rent through Section 8. TYPE OF SALE / ACCESS: Left Side On Lock Box // RIGHT SIDE TENANT Occupied Closing: 9/26/23 Marketing: Property is OFF MARKET. Notes: - Current tenants on the right side pay $750 month to month. - Property management company is T E Johnson & Sons - Performs better than 1% rule - 1% rule puts an investors All-In number between $150k to $190k, they have the opportunity buy it for much less - Section 8 rent is $969 a month - Attached recent appraisal values the property at $140,000, As-Is
Extra Information for 111 W Lewis St Greensboro, NC 27406
- Seller Type: By Owner
- Category: Multi-Family Residences for Sale
- Square Feet: 700
- Conditions: Resale
- Amenities: Washer Dryer
- Listed Date: Aug 25, 2023