1103 N Elm St, Lumberton, NC 28358

It's a fantastic turn-key investment opportunity. Four single-family properties total, fully furnished, and positive cash flow of $18,550 per month. Long-term professional tenants under lease. Net Operating Income in the range of $155,000 per year offers investors a CAP rate of 10.36%. They are shown by appointment only with 48 hours' notice to bona fide, well-qualified candidates. Many updates and recent improvements including 1103 N Elm: New duct works under home New disposal in kitchen New paint in several rooms New HVAC in the cottage New drain lines for the cottage Extensive landscaping and driveway improvements; 307 W 18th St: Complete remodel of a main suite addition of Complete bath and walk-in closet New floors throughout New paint and wallpaper throughout New drive-through and parking lot in back of house New siding paint on the back of the home. Upgrades to all bathrooms; 840 Jane Street: New landscaping in front of the house. Seller provided Annual Property Operating Data (APOD): Gross Rent: $222,600; Utilities: $16,871 (Landlord provides utilities up to a cap); Taxes: $12,000; Janitorial: $3000; Maintenance: $17,806; Landscaping: $4140; Misc: $ $13,840; NOI: $154,941. The vast majority of tenants are short-term and associated with UNC Southeastern Hospital (Traveling nurses, interim physicians, students, etc). The seller is willing to also provide her contacts with the hospital to allow for future sources of new tenant prospects. FOUR PROPERTIES ARE BEING SOLD TOGETHER: All addresses are Lumberton, NC 28358...1103 N Elm St, 3702-2 Cliffridge Dr, 840 Jane St, 307 W 18th St