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1314 Franklin Ave

1 Unit Dormitory $275,000 ($275,000/Unit) 18.10% Cap Rate High Point, NC 27260

Dormitories North Carolina High Point 1314 Franklin Ave, High Point, NC 27260

Investment Highlights

  • laundry on site
  • private parking in back of the home

Executive Summary

This is a cash flowing rooming house with 6 active leases and one recently vacated room after 2 year leasing period. Untapped potential for this property and little needed repairs. Don't let this get away from you. No single family loans will be considered. Cash buyers and hard money lenders only. No creative financing. Leases made available after contract acceptance.

Property Facts

Price $275,000 Apartment Style Low Rise
Price Per Unit $275,000 Building Class C
Sale Type Investment Building Size 1,634 SF
Cap Rate 18.10% Average Occupancy 6%
No. Units 1 No. Stories 2
Property Type Multifamily Year Built/Renovated 1922/2021
Property Subtype
Dormitory
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Price $275,000
Price Per Unit $275,000
Sale Type Investment
Cap Rate 18.10%
No. Units 1
Property Type Multifamily
Property Subtype
Dormitory
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Low Rise
Building Class C
Building Size 1,634 SF
Average Occupancy 6%
No. Stories 2
Year Built/Renovated 1922/2021

Site Amenities

  • 24 Hour Access
  • Fenced Lot
  • Community-Wide WiFi

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 $600.00 -
1 of 1

zoning

Zoning Code residential
residential
(919) 225-0660

  • Listing ID: 32052627

  • Date on Market: 6/7/2024

  • Last Updated:

  • Address: 1314 Franklin Ave, High Point, NC 27260

More public record information on 1314 Franklin Ave, High Point, NC 27260

The High Point/SW Guilford Cty Multifamily Property at 1314 Franklin Ave, High Point, NC 27260 is currently available. Contact Versatile Real Estate Group, LLC for more information.

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1314 Franklin Ave
(919) 225-0660 x

1314 Franklin Ave

Carlos Parks

(919) 225-0660

(919) 225-0660

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