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(5.5% CAP Rate) Two newer construction homes in the Nations with long term renters in place. Buyer will have the option to short term rent (airbnb) one of the units if he wishes as owner occupied. This is an A and B but looks just like traditional single family homes. Both units have an open floor plan, stylish finishes, covered rear decks and an attached two car garage. Unit A has 2.5 years left on the lease and is rented for $4,000 a month with an $8,000 deposit. Unit B is rented until the middle of 2024 at $3600 a month with a $3600 deposit. The current tenants were highly vetted. The yard is very low maintenance. This location is in the middle of a booming trendy neighborhood that is walking distance to restaurants/shops. All appliances convey. This purchase is great for a long term investor, 1031 Exchange or cost segregation study to lower your taxes. The homes appraised for $763,000 each in March 2023. Market rents have increased since leasing these units to $4200-4400 per comps
Property Type(s):
Multi Family
| Last Updated | 11/20/2023 | Tract | Homes At 5310 Louisiana Avenue |
|---|---|---|---|
| Year Built | 2022 | Garage Spaces | 2.0 |
| County | Davidson |
SCHOOLS
| Elementary School | Cockrill Elementary |
|---|---|
| Jr. High School | Moses McKissack Middle |
| High School | Pearl Cohn Magnet High School |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| BUYER'S BROKERAGE COMPENSATION | 3 |
| CONSTRUCTION | Fiber Cement |
| GARAGE | Attached Garage, Yes |
| HEAT | Central |
| LOT | 0 |
| LOT DIMENSIONS | 43x150 |
| PARKING | Attached |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Homes At 5310 Louisiana Avenue |
| TAXES | 2449 |
| WATER | Public |
| ZONING | R6 |
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Listed with Bradford Real Estate
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Information Is Believed To Be Accurate But Not Guaranteed.
This IDX solution is (c) Diverse Solutions 2023.
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