1314 Franklin Avenue
1314 Franklin Avenue
$220,000
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Description
This is an investors dream! Cash flowing right now! 3 units renting for $500 per unit, 4 units renting for $600 monthly. Utilities included and bills are around $800 monthly. Roof replaced in May. HVAC system works like a charm. 6 rooms rented with 6 month leases. The crawl space was fitted with a moisture barrier and regular pest inspection and treatment done. Private parking in the rear of the house. Two rooms are furnished. The best thing about this property is the 10.5% cap rate! Unheard of!...This is an investors dream! Cash flowing right now! 3 units renting for $500 per unit, 4 units renting for $600 monthly. Utilities included and bills are around $800 monthly. Roof replaced in May. HVAC system works like a charm. 6 rooms rented with 6 month leases. The crawl space was fitted with a moisture barrier and regular pest inspection and treatment done. Private parking in the rear of the house. Two rooms are furnished. The best thing about this property is the 10.5% cap rate! Unheard of! The seller is the listing agent and is willing to maintain the property management for the potential buyer at 10%. This is the investment opportunity you have been waiting on! $5000 towards closing costs with full price cash offers.
Property Details for 1314 Franklin Avenue
Zoning
RM-8
Location
LISTING UPDATED: 05/22/2024 05:26 PM
Property Details for 1314 Franklin Avenue
Status | Price Change |
---|---|
MLS # | 1108096 |
Days on Market | 255 |
Taxes | $599 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Rooming House |
Year Built | 1922 |
Lot Size | - |
County | Guilford County |
Location
Building Information for 1314 Franklin Avenue
Stories-Residences-Year Built1922Building Size-Lot Size-
Payment Calculator
$1,251 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1314 Franklin Avenue
Property History for 1314 Franklin Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1314 Franklin Avenue
Taxable ValueLand$8,000Additions$121,800Total$129,800
Tax Record2023$1,845 ($154 / month)
Home Facts
Beds4Baths2Total Finished SqFt1,634 SqFtAbove Grade Finished SqFt1,634 SqFtStories1Lot Size12,632 SqFtStyleSingle Family ResidenceYear Built1922Year Renovated2012ZoningRMCountyGUILFORDAPN0174706Fireplace TypeHas Fireplace
Schools near 1314 Franklin Avenue
This home is within Guilford County School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Triangle Lake Montessori Elementary School PublicPK to 5 | ||
Southwest Guilford Middle School Public6 to 8 | ||
Southwest Guilford High School Public9 to 12 | ||
Earlymiddle College At Gtcc - High Point Public9 to 12 |
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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