1121 Polk Street Charlotte, North Carolina 28206
This one of 37 units being sold together as part of a well seasoned Residential Rental Income Portfolio. Low turn over, low vacancy and high occupancy all year. Currently at 100% occupancy as of the listing date. Ideal for buyers targeting cap rates of 5%-6% unleveraged and 7%+ leveraged. All of the properties are in established neighborhoods with high demand in areas including this property near Uptown's NC Music Factory area. Others are located near The Plaza, Uptown, Druid Hills South, Biddleville, JC Smith University area, I-77, I-285 & 1 unit in Ballantyne area. Rents irange from $500 to $1600 per month. Tenants pay all utilities. Expected gross income is $353,550 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.
Additional Information for 1121 Polk Street
Other Homes For Sale Near 1121 Polk Street
Subdivision: Graham HeightsView Details
MLS #3341686View Details
Listing Provided Courtesy Of: DPW Realty Group Inc
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