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506 Nelson St, Kinston, NC 28501

Single Family / 2 Bedroom(s) / 1 Bath(s)

Property Status:  Not Available | $39,999.00 (Wholesale) | 


Property Photos
506 Nelson St (Image - 1)


Income Producing Duplex!!


Property Status:
Not Available | $39,999.00 (Wholesale)

Contact Info
Housing Opportunity Group
(678) 704-7589

Request To See This Property
Property Details:
Single Family / 2 BR / 1 BA
Property Style:
Duplex
Basement:
No Basement
Owner / Agent:
Wholesale
Property Features:
No Property Features Listed.
Property Description:
Income producing duplex with long term tenants.  Combined rental rate $875 per month!! New roof a year ago, new windows upfront, no foundation, no electrical, or plumbing issues, has 2 bd, 1 bath each unit, 1100 sq. ft. each, updated the electrical and wiring last year.  Tenants would like to stay.  Contact Hannah Downs for more information or to schedule a showing at 678-704-7589

ARV: $115,000, Asking: $39,999, Spread: $75,001

Comps:

911 Phillips Road, Kinston – Duplex, sold 5/19/2022 for $120,000 ($60,000/unit)
405 W. Highland Avenue, Kinston – Triplex, sold 3/04/2022 for $207,500 ($69,167/unit)
1010 W. Lenior Avenue, Kinston – Duplex, sold 9/03/2021 for $110,000 ($55,000/unit)

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor is a principal party in a valid and assignable purchase agreement which allows the investor to purchase the subject property from the seller. This purchase agreement is being offered for sale for an assignment fee to a 3rd party granting that party the opportunity to execute the purchase agreement to buy this home. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee. North Carolina Real Estate Investors Association is not responsible nor will be held liable for the property or the information listed here.

North Carolina Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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Rolesville, NC 27571
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