Property for sale

Lullwater Drive, North Carolina, United States Of America

Twenty-four (24) unit multi-family investment property ideally located near uncw, shopping, local businesses, downtown, and area beaches. This income-producing asset features a well-balanced unit mix of sixteen (16) one-bedroom/1.5-bath units and eight (8) two-bedroom/2-bath units.The property currently generates approximately $309,000 in annual rental income, with the potential to reach up to $425,664 through voucher-based programs. Each unit is individually metered with separate utilities and is structured as a condominium, offering added flexibility and efficiency in existing assumable Freddie Mac loan (subject to buyer approval) provides a highly attractive, below-market interest rate--enhancing the overall investment value.This is a strong opportunity for investors seeking stable cash flow with upside potential in a highly desirable and convenient location.

Reference: 36999_FHW1383861

Key Features
13320 SqFt.
1.40 Acres
Built in 1997
Adult Community: No
Waterfront: No
Pool: No
View: No Ref: 36999-FHW1383861