$2,100,000

1121 Polk Street Charlotte, North Carolina 28206

  • 37   Bedrooms
  • 19 Full - 2 Half Bathrooms
  • 16,840 SQ FT
1121 Polk Street

The price of this rental income portfolio has been revised to include 16 units consisting of single family homes and townhomes. This address is one being sold together as part of a well seasoned Residential Rental Income Portfolio. Low turn over, low vacancy & high occupancy all year. Currently at 100% occupancy as of the listing date. Ideal for buyers targeting cap rates of 6%. All of the properties are in established neighborhoods with high demand in areas including this property near Uptown's NC Music Factory area, Biddleville, JC Smith University area, I-77, I-277 & Ballantyne area. Rents irange from $500 to $1600 per month. Tenants pay all utilities. Expected gross income is $161,2564 + 8% rent increases for 2018-2019. Qualified investors with cash or cash equivalent, 50%-60% leveraged transactions also welcome! Do not disturb residents. Contact the listing agent or Call your Real Estate Broker for additional information & brochure available with this listing.

Schools for 1121 Polk Street

  • Elementary
    Byers
  • Junior
    Walter G Byers
  • High
    West Charlotte
  • Location information for 1121 Polk Street

  • Subdivision
    Greenville
  • Zip Code
    28206
  • City
    Charlotte
  • County
    Mecklenburg
  • Property data for 1121 Polk Street

  • Status
    Active
  • MLS #
    3396110
  • Type
    Multi-Family
  • Additional Information for 1121 Polk Street

    Other Homes For Sale Near 1121 Polk Street

    Listing Provided Courtesy Of: DPW Realty Group Inc

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    Data Last updated on October 21, 2018 12:38pm

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