1510-1516 Hollow Drive, Greenville, NC
Multi-family for Sale - $316,900 - 5,892 Sq. Ft. on 0.46 acres
Property Info
CIMLS# | 36045 |
Location 1510-1516 Hollow Drive Greenville NC 27858 | |
Updated | June 20th, 2015 |
Type | Multi-family |
Price | $316,900 |
Building | 5,892 Sq. Ft. |
Land | 0.46 acres |
Property Description
GREAT INVESTMENT & INCOME OPPORTUNITY
This is a package of six (6) apartment units in one (1) duplex and two (2) townhouses.
All three buildings will be sold as a package.
Heated areas range from 1872 SF to 2010 SF. Base rents $610.
Minimum current monthly rent is $3,660 and will hold through 2014.
This income property is available for possession within 30 days.
There is the possibility of assuming the current financing at
8% fixed rate over remaining 22 yr. amortization. No bank fees.
HISTORY:
-All six buildings constructed in 1994
-One duplex and two townhouses
-All units have 2 bedrooms and 1.5 or 2 baths
-Private subdivision outside city limits in quiet country setting
-30 duplexes and townhouses with large common area
-Governed by Fox Hollow of Pitt Homeowners' Association, Inc.
-Managed by Pinnacle Property Management, Inc. of Greenville
-Average 95% occupancy rate for Fox Hollow: 2003-2013
-County taxes only
FOX HOLLOW OF PITT HOMEOWNERS' ASSOCIATION, INC.:
-All owners required to use the same management company
-Property management company handles all HOA issues and daily affairs
-Responsible for all lawn, shrubbery and road maintenance
-Insures a consistent appearance in subdivision
-Pays for area lighting, electrical and phone
-Manages the private sewer system
-Monthly dues at $90.00 per rental unit
OTHER FEATURES:
-Paved driveways
-Picnic shelter and children
Financials
Fair Market Value estimated at $320,343.