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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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102 King Henry Ln , Granite Falls, NC 28630
$1,250,000
Est. Payment: $2,777.78/mo
17 Bed
13 Bath
9071 Sqft
Status: Active | Days on site: 4
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House Description

Investment Opportunity in Granite Falls! This eight-unit apartment complex offers an excellent opportunity for investors seeking an income-producing property with all units currently leased. The complex consists of seven two-bedroom, 1.5-bath units and one three-bedroom, 2.5-bath unit (Unit 116). Unit 116 features a spacious main level with a living room, kitchen, pantry, half bath, sunroom, laundry room, single-car garage, and single-car carport. The upper level includes a primary bedroom with a large ensuite bathroom and spacious walk-in closet, along with two additional bedrooms that share a hall bathroom. The remaining seven units feature a living room, kitchen, half bath, patio, and utility room on the main level. The upper level offers two bedrooms, a full hall bathroom, and a laundry closet. Each unit's kitchen is equipped with a refrigerator, range, microwave, and dishwasher. Washers and dryers are not included and are the tenants' responsibility. Water, sewer, and electric services are provided through the Town of Granite Falls, with tenants responsible for all utility costs. Flooring throughout the units consists of a combination of carpet, tile, and vinyl in various areas. All eight units are currently leased/rented, providing an established rental income stream. Please do not disturb the tenants. Showings will be limited to serious and qualified investors.

Highlights

Listed by Lisa Starnes , 828-234-6553 Baker Realty , 828-726-0003.

Property Type

Multi-Family

Lot/Acreage
1.61

Year Built

1999

County

Caldwell

Listing ID

4411677

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:17
  • Bathrooms:13
  • Full Bathrooms:9
  • 1/2 Bathrooms:8
Appliances:Dishwasher, Electric Range, Microwave, Refrigerator
Air Cond:Central Air
Fireplaces:
Floor:Carpet,Tile,Vinyl
Above Ground Sq Ft:9071
Below Ground Sq Ft:0
Water:City

Exterior Features

Zoning:R8
Sewer:Public Sewer
Parking Features:Assigned,Other - See Remarks
Principal Interest
$2,778
Taxes
$797

Home Price

$1,250,000

Loan Details

30 yrs
%

Down Payment

20%
$250,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,777.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,777.78 $796.88 $0.00 $3,574.65
Yearly $33,333.33 $9,562.50 $0.00 $42,895.83
Total $1,000,000.00 $286,875.00 $0.00 $1,286,875.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Granite Falls, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.