Investor Duplex

Greensboro, NC 27406

Specs

Units	2 (side-by-side)
Bedrooms	4 total (2/2)
Bathrooms	2 total (1/1)
Square Feet	2,140
Year Built	1976
Asking Price	$185,000
ARV	$285,000
Combined Rent (Pro Forma)	$2,700/mo
Deal Type	Buy & Hold

Description

Two-unit investment property with separate utilities. One unit is currently rented at $1,150/month on a month-to-month basis. The other is vacant and ready for light rehab. Strong cash-flow play with upside if both units are stabilized at market rents.

Neighborhood

Stable working-class neighborhood with low vacancy rates. Within 10 minutes of UNC-Greensboro and major employers. Cap rates in the area run 7-8.5% on stabilized small multifamily.