1103 North Elm Street

1103 North Elm Street

Lumberton, NC 28358

$1,395,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a front view of a house with garden
a front view of a house with yard and green space
front view of a house with a yard
a front view of a house with garden
a view of a brick house with large windows

Description

It's a fantastic turn-key investment opportunity. Four single-family properties total, fully furnished. Long-term professional tenants under lease. Net Operating Income in the range of $180,000 per year offers investors a CAP rate of 12.9%. They are shown by appointment only with 72 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...It's a fantastic turn-key investment opportunity. Four single-family properties total, fully furnished. Long-term professional tenants under lease. Net Operating Income in the range of $180,000 per year offers investors a CAP rate of 12.9%. They are shown by appointment only with 72 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.
  1. Listed by DAVID ZEITZ • COLDWELL BANKER PREMIER TEAM REALTY

Property Details for 1103 North Elm Street

Architectural Style
Other
Subdivision Name
OTHER

Location

Listing Courtesy of COLDWELL BANKER PREMIER TEAM REALTY
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LISTING UPDATED: 01/28/2024 03:46 PM

Property Details for 1103 North Elm Street

StatusActive
MLS #717608
Days on Market145
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Other
Year Built1920
Lot Size-
CountyRobeson County

Location

Listing Courtesy of COLDWELL BANKER PREMIER TEAM REALTY
Add your commute

Building Information for 1103 North Elm Street

Stories-Residences4Year Built1920Building Size-Lot Size-

Payment Calculator

$7,728 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,613

Property Taxes

$115

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1103 North Elm Street

Summary
Location and General Information
  • City: Lumberton
  • County Or Parish: Robeson
  • Postal Code: 28358
  • Latitude: 34.624935
  • Longitude: -79.008789
  • State Or Province: NC
Taxes and HOA Information
  • Parcel Number: 3227-05-013
  • Tax Legal Description: LT ELM STREET
School Information
  • Elementary School: Robeson Co Schools
  • High School: Robeson Co Schools
  • Middle Or Junior School: Robeson Co Schools
Parking
  • Covered Spaces: 0.0
Property
Lot Information
  • Above Grade Finished Area Units: SquareFeet
  • Below Grade Finished Area Units: SquareFeet
  • Building Area Units: SquareFeet
  • Lot Size Area: 0.0
  • Lot Size Units: SquareFeet
  • Living Area Units: SquareFeet
Property and Assessments
  • Year Built: 1920
  • Human Modified: Yes
Utilities
  • Sewer: PublicSewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Bathrooms Total: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Gross Income: $222,600
  • Operating Expense: $67,659
  • Net Operating Income: $154,941
Rental
Rental Information
  • Occupant Type: Occupied
  • Lease Considered: No
  • Lease Amount Per Area Unit: DollarsPerSquareFoot

Property History for 1103 North Elm Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1103 North Elm Street

Taxable ValueLand$31,800Additions$147,000Total$178,800
Tax Record2023$1,377 ($115 / month)
Home Facts
Beds3Total Finished SqFt2,202 SqFtAbove Grade Finished SqFt2,202 SqFtStories1Lot Size11,761 SqFtStyleSingle Family ResidenceYear Built1920CountyROBESONAPN322705013Fireplace TypeHas Fireplace

Schools near 1103 North Elm Street

This home is within Public School District Of Robeson County.
Rating
School
Type
Grades
Distance
Parkton Elementary
Public - PK to 8
Tanglewood Elementary
Public - K to 3
L Gilbert Carroll Middle
Public - 4 to 5
Lumberton Junior High
Public - 6 to 8
Rating
School
Distance
Parkton Elementary
PublicPK to 8

Tanglewood Elementary
PublicK to 3

L Gilbert Carroll Middle
Public4 to 5

Lumberton Junior High
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1103 North Elm Street, Lumberton, NC 28358

1103 North Elm Street is a multi-family home for sale in Lumberton, NC 28358. This property was listed for sale on December 28, 2023 by COLDWELL BANKER PREMIER TEAM REALTY, it's currently listed at $1,395,000. It has been on the market for a total of 145 days and was last sold on July 11, 2022. This listing's school district is Public School District Of Robeson County. Nearby schools include Parkton Elementary, Tanglewood Elementary and L Gilbert Carroll Middle. 1103 North Elm Street is a 0-bed, 0-bath, multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COLDWELL BANKER PREMIER TEAM REALTY

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