Salisbury Rental Home Package Sold

Sold

Seven Fully Rented Cash Flowing Turn-Key Investment Properties

Deals like this are getting harder and harder to find. This investor package is comprised of seven fully rented homes in close proximity to each other (5 on the same street) in Salisbury, NC.

Gross annual rents $41,700

Very strong 17% ROI (approximate return on investment)
Gross rent multiplier 4.27
Cash on cash 42.1% (assuming a 30% down refinance)

2 – 3 bedrooms / 1.5 bath
1 – 3 bedrooms / 1 bath
4 – 2 bedrooms / 1 bath

Units currently managed by the owner, but there is plenty of margin to employ a property manager. All homes have been well cared for but there is some deferred maintenance.

See picture link under each home description below.

For more details call or text Rochelle 704-765-4800

Home 1:

E Henderson

3/1
Rent $550/month
Taxes $581
1,032 sf
Baseboard heat / window units
Vinyl siding
Older roof – no leaks
Beautiful oversized lot
City water / city sewer
Tenant pays utilities
Tax value $44,621
Pictures: https://photos.app.goo.gl/uCKVvVaaQdqhFdYA9

Home 2:

E Henderson

2/1
Rent $400/month
(Tenant in place for 12 years)
Taxes $315
696 sf
Central HVAC not operating as tenant prefers window AC and plug in heaters
New metal roof
Vinyl siding
City water / city sewer
Tenant pays utilities
Tax value $24,237
Pictures: https://photos.app.goo.gl/9UjwczofuQmurM737

Home 3:

E Henderson

2/1
Rent $500/month (beginning Oct 1)
Taxes $430
881 sf
Central HVAC (has heat and air)
Newer roof
Vinyl siding
City water / city sewer
Tenant pays utilities
Tax value $33,893
Pictures: https://photos.app.goo.gl/1VTdYLfbecsRhJPm8

Home 4:

E Henderson

2/1
Rent $475/mo
Taxes $416
772 sf
Newer roof
Vinyl siding
City water / city sewer
Tenant pays utilities
Tax value $31,043
Pictures: https://photos.app.goo.gl/HQNmyL2BWQxZsJe8A

Home 5:

E Henderson

2/1
Rent $450/month (3/5 years)
Taxes $407
930 sf
Needs some siding repair
Wall electric & window AC
City water / city sewer
Tenant pays utilities
Tax value $31,261
Pictures: https://photos.app.goo.gl/dcrH3METSo5HdSs5A

Home 6:

N Long St

3/1.5
Rent $550/month
Taxes $325
1,525 sf
Older roof – not leaking
Needs some siding work / wood rot
Floor has some sloping
City water / city sewer
Tenant pays utilities
Tax value $24,959
Pictures: https://photos.app.goo.gl/E8pVJGPz4Fu3JXQDA

Home 7:

E Earnhardt

3/1.5
Rent $550/month
Taxes $673
1,120 sf
Roof good condition
Baseboard heat & window AC
City water / city sewer
Tenant pays utilities
Tax value $51,669
Pictures: https://photos.app.goo.gl/hfScHKh7FsL3XFrW7

Transaction Details:

Properties As-is
Cash only
Buyer pays all closing costs
$5,000 deposit, non-refundable (applied toward the purchase price)
Guaranteed clear title through closing Attorney

To ask questions or to inspect the property,
Call or text Rochelle 704-765-4800

Address:: Salisbury, NC

Terms:: For Sale
Property Type:: Home

Call 704-837-1600 for more details

Due to a death in the family, John and Brenda needed to relocate out of state quickly. They didn’t have time to fix up or clean up their home. Jordan from Solution Home Buyer purchased their home in as-is condition, and Leslie (our transaction coordinator) helped them get their cash in only ten days from their first call to closing! Do you have a home you’d like to sell fast in as-is condition? If so, please give me a call or text at 704-870-2100.

John and Brenda

Deno had a rental home in Gastonia that had been vacant for some time and was in disrepair. Rather than fixing it up and renting it out again, he wanted to sell it quickly in as-is condition. From Deno’s first call to the closing was 30 days. Thank you, Deno. It was a pleasure meeting and working with you! Are you looking for an investment property? If so, please give us a call or text at 704-870-2100.

Deno Philbeck, Gastonia NC

Peter had a rental home in Troutman that the tenants left in very poor condition. Pipes were left broken and it was full of their belongings. Peter was done being a landlord and wanted to get rid of the house quickly. We saw it as a great rehab opportunity. Twelve days from first meeting them we were able to buy their home for cash. It was a pleasure meeting and working with Peter’s daughter Kathy. Thank you! If you have a home you’d like to sell fast in as-is condition for cash please give me a call or text at 704-870-2100.

Peter Lane, Troutman NC

Charles and Terry had two homes with great potential on a nice parcel in Mount Holly that they intended to renovate. But after years of sitting vacant, they felt it was time to sell them. They wanted to sell quickly without removing the old contents. We were able to buy their houses for cash and close in under three weeks. It was such a pleasure working with the Lowes! If you have a home you’d like to sell fast in as-is condition for cash please give me a call or text at 704-870-2100.

Charles & Terry, Mount Holly NC

After living in his house for many years, Mr. Daniels was ready to downsize. He called us because he wanted to be able to close on his timeline without doing the repairs and updating that the house needed. We were able to provide Mr. Daniels the time he needed to move out and we purchased the house for cash in as-is condition. Mr. Daniels was a joy to get to know and work with! If you have a home you’d like to sell fast in as-is condition for cash please give me a call or text at 704-870-2100.

Mr Daniels, Mooresville NC