128 Cedar Avenue

Hudson NC 28638

8640 sq. ft.

1.73 ac.

Apartment

Currently for sale - view listing

Overview

OWNER FINANCING is available VERY well maintained property, completely remodeled 3 buildings with 4 units each, 12 total units total All units are 2 bedrooms 1 bathroom Very low turnover, many long term tenants, annual leases $133,800 current annual rent Market rent $144,000 Annual expenses $12,875 All utilities paid by tenants, separately metered All units have washer & dryer & dishwashers Central air Brick buildings with new low maintenance metal roofs Great quiet location in high demand area, close to everything OWNER FINANCING preferred terms: $350K min downpayment 6.75% interest rate 5 years or less balloon payment 30 years amortization, interest only payments option is possible Annual expenses include: ?Taxes -- $7,307 ?Insurance -- $3,891 ?Lawn Care -- $1,500 ?Lighting -- $ 177 Total $12,875