405 15th ST Cramerton, NC 28032

Two sets of duplexes offering 4 units with just under 500 SF each, with 1BR 1BA kitchen and living room located on quiet dead end street in Cramerton. New paint, updated kitchen cabinets and countertops , updated flooring in kitchen and bathrooms. Back porches added for units A&B. Updated Vinyl siding. Updated Vinyl windows.
City water, sewer, each unit is heated by a gas wall unit, cooled by window unit, has stove, refrigerator, hardwood flooring. Back fencing is on the property line. Units are presently tenant occupied and have roughly 6 months left one their lease. The monthly Net Revenue is $3037. Units B and D are leased below market rate. Those units have been leased by long-time tenants. Market rates are roughly $825 - $850/month. A copy of the P&L is included in the attachments. No Showings will be allowed until the property is under contract. A free look period will be provided once a contract is accepted. PLEASE DO NOT DISTURB THE TENANTS.