GREAT INVESTMENT & INCOME OPPORTUNITY:

- 1510 Hollow Drive

- Townhouse rental apartment units

- 2 units - 100% Rented - Stable rents

- Both units have 2 bedrooms and 1.5 baths

- Total heated area 2010 SF

- Current monthly rent is $1220 minimum

- Base rent $610 per unit

- May be purchased in a package with 1512 & 1516 Hollow Drive (See listing)

- There is the possibility of assuming the current seller financing for remaining term.

- Down payment to be determined. No bank fees.

- Property is available for possession within 30 days.

HISTORY:

-Building constructed in 1994.

-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 NC in Greenville, NC

-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

Fair Market Value estimated at $106,977.