Michelle Powell - Coldwell Banker Sea Coast Advantage Realty
101 Ole Field Circle B, C, D & E
Newport, NC 28570

Description

Tremendous Multi-Family investment opportunity in Newport, NC located in the Pine Ridge Subdivision. 4 of 5 townhouses available. All units are 3 stories; 1st level is open concept, living room, dining, kitchen and 1/2 bath, 2nd level offers 2 master bedroom suites with master baths and 2 large closets, 3rd floor is unfinished, but could easily be finished, some units already plumbed for bath and a/c. Kitchen features breakfast bar, plenty of cabinets and counter space, all appliances, Frig, built-in microwave, dishwasher, and stove. Ample parking. Property is close to air base, beaches and tourist amenities. Rental rates currently $800 - $900 per month. This property is 100% occupied, with 12 month lease. Offers a GREAT return on investment. Residents pay a $75 a month HOA dues which covers; Septic clean out twice a year, common area electric, lawn care and $1200 a year for Building Insurance. Other yearly expenses for building are $440 year per unit in taxes and $3000 year Wind and Hail Insurance.

Details

MLS#100124889
Sub-TypeResale
StatusActive
Year2005
Days On Site42

Features

SQ Feet1,600
Story(s)1
ZoningResidental
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Market Activity 28570

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Area Information

StateNC
CountyCarteret
CityNewport
Zip Code28570
AreaCarteret
Listing VS Median (in 28570)
Price:
$429,000
low | high
Med:
$122,000
100% of Average
SqFt:
1,600
low | high
Med:
1,056
84% of Average
$ / SqFt:
$268
low | high
Med:
$116
100% of Average
On Site:
42
low | high
Med:
230
18.260869565217% of Average
Listing Updated: 08/20/2018
MLS Number: 100124889
Listing Provided By:
John Vesco  of  RE MAX Homestead