This is an assemblage of 5 contiguous properties on the western edge of NC State's campus. This offering consists of the following 5 addresses: 1136 Gorman Street--a quadraplex, 1128 Gorman Street--a single family house, 1132 Gorman Street--a single family house, 1121 Carlton Avenue--a quadraplex, and 1130 Gorman Street--a vacant lot.

At the time of this offering, the combined properties were 80% occupied, however the highest and best use for this property would be a redevelopment to increase the density. The property is currently zoned R-30 (all parcels), but could potentially be re-zoned to allow for higher density.

This is an excellent opportunity to acquire a well located development property with income in place and future upside potential.

Location Description:

Excellent location right at the western fringe of NC State university. These properties are directly across the street from the Jane S. McKimmon Center and highly visible.

This location is less than 1.5 miles from the center of NC State's main campus and less than 2 miles from Centennial Campus. There is also easy accessibility to Western Boulevard and the I 440 belt line.

Highlights:

>> 5 contiguous properties totaling 1.52 acres

>> Existing income in place

>> Excellent potential for upside with higher density development

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Sales Info:

>> Commision split: 6.0%