$198,000
$219,000
9.6%For more information regarding the value of a property, please contact us for a free consultation.
Methodist Church Road Elizabeth City, NC 27909
1.15 Acres Lot
Key Details
Sold Price $198,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Mount Hermon Village
MLS Listing ID 8106804
Sold Date 07/06/22
Style Wood Frame
Originating Board North Carolina Regional MLS
Year Built 1986
Lot Size 1.152 Acres
Acres 1.15
Property Description
Consistently rented DUPLEX (2 BED/1.5 BATH) outside of CITY LIMITS on DOMINION POWER. Strong tenants in place under contract with gross rents of $1875/MO. Cap rate approximately 9%. More consistent investment than the stock market and great hedge against inflation. Easily maintained with close proximity to all major areas. Roof updated in 2014, Crawlspace in 2019 and both HVAC units less than 6 y/o. This property will make a great addition to any portfolio., Air to Air Heating
Location
State NC
County Pasquotank
Community Mount Hermon Village
Direction HWY 17 to Okisko road-Turn right onto Methodist Church road-Home will be on the right-NO SIGN
Rooms
Basement Crawl Space
Interior
Cooling Central Air
Appliance Stove/Oven - Electric, Refrigerator
Laundry Hookup - Dryer, Washer Hookup
Exterior
Utilities Available County Water, Water Connected
Waterfront No
Waterfront Description None
Roof Type Architectural Shingle
Building
Sewer Septic On Site
Others
Acceptable Financing Cash, Conventional, USDA Loan
Listing Terms Cash, Conventional, USDA Loan
Special Listing Condition None
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