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£2,603,055

US$3,550,000

Property for sale
Lullwater Drive, North Carolina, United States Of America

Local area information

Property location

This location is approximate only. Contact the agent for the exact address.

Nearby amenities

Features and description

13320 SqFt.
1.40 Acres
Built in 1997
Adult Community: No
Waterfront: No
Pool: No
View: No

Twenty-four (24) unit multi-family investment property ideally located near uncw, shopping, local businesses, downtown, and area beaches. This income-producing asset features a well-balanced unit mix of sixteen (16) one-bedroom/1.5-bath units and eight (8) two-bedroom/2-bath units.The property currently generates approximately $309,000 in annual rental income, with the potential to reach up to $425,664 through voucher-based programs. Each unit is individually metered with separate utilities and is structured as a condominium, offering added flexibility and efficiency in existing assumable Freddie Mac loan (subject to buyer approval) provides a highly attractive, below-market interest rate--enhancing the overall investment value.This is a strong opportunity for investors seeking stable cash flow with upside potential in a highly desirable and convenient location.

Reference: 36999_FHW1383861

Key Features
13320 SqFt.
1.40 Acres
Built in 1997
Adult Community: No
Waterfront: No
Pool: No
View: No Ref: 36999-FHW1383861

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Listed by

Mayfair International Realty

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020 3551 9676

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Property descriptions and related information displayed on this page are marketing materials provided by - Mayfair International Realty. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Mayfair International Realty for full details and further information.