6 Beds
5 Baths
2,640 SqFt
6 Beds
5 Baths
2,640 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,640 sqft
Price per Sqft $217
MLS Listing ID 4415402
Style Arts and Crafts
Bedrooms 6
Full Baths 4
Half Baths 2
Construction Status Completed
Abv Grd Liv Area 2,640
Year Built 2021
Lot Size 4,922 Sqft
Acres 0.113
Property Sub-Type Duplex
Property Description
Both units feature open-concept main-level living, modern finishes, granite countertops, shaker-style cabinetry, durable laminate flooring on the main level, carpeted bedrooms upstairs, washer/dryer connections and driveway parking. The location is convenient to downtown Waxhaw shopping, dining and community amenities, with the Waxhaw Library just around the corner.
Both residences are currently leased at $1,750 per month, producing $3,500 in gross monthly scheduled rent and $42,000 in gross annual scheduled rent. At the $575,000 asking price, that represents an approximate 7.30% in-place gross yield before operating expenses. Gross yield is not a cap rate and does not deduct taxes, insurance, utilities, maintenance, vacancy, management or capital reserves.
This is an attractive opportunity for an investor seeking immediate income, two substantial three-bedroom rental residences and a newer multifamily asset in a highly convenient downtown location. Lease documentation and available financial information may be reviewed during due diligence.
A companion duplex containing two additional three-bedroom rental units is also being offered separately, creating the opportunity to acquire both buildings as a four-unit portfolio, subject to availability. See companion MLS #4415435. Buyer is always strongly encouraged to verify all property information, square footage, leases, income and expenses.
****virtual staging used! There are mounted sconces represented in the primary bedroom that are not present! that is virtual staging only****
Location
State NC
County Union
Zoning AK2
Interior
Interior Features Open Floorplan, Pantry, Storage
Heating Central, Electric, Heat Pump
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Carpet, Laminate
Fireplace false
Appliance Dishwasher, Electric Range, Microwave
Laundry In Unit, Laundry Closet, Main Level, Washer Hookup
Exterior
Community Features None
Utilities Available Electricity Connected
Waterfront Description None
Roof Type Composition
Street Surface Concrete,Paved
Porch Covered, Front Porch
Garage false
Building
Lot Description Sloped
Dwelling Type Site Built
Foundation Crawl Space
Sewer Public Sewer
Water City
Architectural Style Arts and Crafts
Structure Type Fiber Cement
New Construction false
Construction Status Completed
Schools
Elementary Schools Waxhaw
Middle Schools Parkwood
High Schools Parkwood
Others
Pets Allowed Conditional
Senior Community false
Acceptable Financing Cash, Other - See Remarks
Horse Property None
Listing Terms Cash, Other - See Remarks
Special Listing Condition None
Schools and Properties Nearby
