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1116 Phillips St

14 Unit Block of Flats £318,168 (£22,726/Unit) Clinton, NC 28328

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Investment Highlights

Lots of potential with this property.

Executive Summary

Four (4) Parcels with 2.96 +- Acres of Land with 14 Single Family Houses. Range of 500 - 600 +- sq. ft. in each house built in 1950 +- and used as rental property. Each house has 2 bedrooms and 1 bath LR and Kitchen Combo. All measurements are approximate. Each may vary some. Houses are in fair to poor condition. Some have Central HVAC some don't. Some need to be remodeled / rebuilt. 6 houses are currently rented for $400. per month.1 house for $325. Lots of potential with this property for someone looking to invest in residential rental property who does not mind doing some reconstruction / remodeling. Call for more information and or a showing of the property. Parcel No. 15114742701, 15114742703, 15114742702, 15114742704. Addresses are 1116,1118,1120,1122,1124,1126,1128,1130,1134,1136,1129,1131,1135,1137 Phillips Street. This property also has room to possibly build more houses if desired. Property and houses are being sold in ''AS IS'' physical condition.
Legal: Deed Vol 833 Page 382 and Deed Vol 589 Page 97. Survey Map in Map Book 27 Page 89
Income $3,100

Property Facts

Price	£318,168	Apartment Style	Garden
Price Per Unit	£22,726	Building Class	C
Sale Type	Investment	Lot Size	2.25 AC
No. Units	14	Building Size	7,000 SF
Property Type	Residential	Number of Floors	1
Property Subtype	Apartment	Year Built	1950

Price	£318,168
Price Per Unit	£22,726
Sale Type	Investment
No. Units	14
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	2.25 AC
Building Size	7,000 SF
Number of Floors	1
Year Built	1950