1103 N Elm Street Lumberton, NC $ 1,295,000
1103 N Elm Street
$ 1,295,000
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1103 N Elm Street

Lumberton, NC, 28358
$ 1,295,000
Baths0.0

Monthly Estimate*

$ 8,607

1103 N Elm Street, Lumberton, NC 28358 - Image 1
1103 N Elm Street, Lumberton, NC 28358 - Image 2
1103 N Elm Street, Lumberton, NC 28358 - Image 3
1103 N Elm Street, Lumberton, NC 28358 - Image 4
1103 N Elm Street, Lumberton, NC 28358 - Image 5
Studio

Multi-Family Home for sale in Lumberton, NC

for $1,295,000. This home was built in 1920.

It's a fantastic turn-key investment opportunity. Four single-family properties total, fully furnished. Long-term professional tenants under lease. Net Operating Income in the range of $180,000 per year offers investors a CAP rate of 12.9%. They are shown by appointment only with 72 hours notice to bona fide, well-qualified candidates. Many updates and recent improvements including 1103 N Elm: •New duct works under home •New disposal in kitchen •New paint in several rooms •New HVAC in the cottage •New drain lines for the cottage •Extensive landscaping and driveway improvements; 307 W 18th St: •Complete remodel of a main suite •addition of Complete bath and walk-in closet •New floors throughout •New paint and wallpaper throughout •New drive-through and parking lot in back of house •New siding •paint on the back of the home. •Upgrades to all bathrooms; 840 Jane Street: •New landscaping in front of the house. lot in back of house •New siding •paint on the back of the home. •Upgrades to all bathrooms; 840 Jane Street: •New landscaping in front of the house.

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Multi-Family Active

Price

$ 1,295,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Year Built

1920

Town/City

Lumberton

County/Region

Robeson

MLS | Web ID

LP717608

Features
General
Sewer Public Sewer
Utilities Natural Gas Available
Year Built 1920
County Robeson
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
City Lumberton
View Y/N N
Senior Community Y/N N
Waterfront Y/N N
Carport Y/N N
Street Name Elm
Property Attached Y/N N
Lease Considered Y/N N
Days on Market 152
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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Exterior
Water Source Public
Spa N
Building Area Total 0
Open Parking Y/N N
Horse Y/N N
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Interior
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Street
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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* Excluded Features
List By
DAVID ZEITZ

Listing Agent

Coldwell Banker Premier Team Realty

Broker

Affordability Calculator

$8,607
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,607
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
343702 Elementary School
343439 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/28/2024$1,295,000 -7.17% Price Down
1/28/2024$1,395,000 -6.69% Price Down
12/29/2023$1,495,000 Listed Price

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1103 N Elm Street, Lumberton, NC, 28358 is a Multi-Family Home for sale at $1,295,000. 1103 N Elm Street is a studio with 0.0 baths and was built in 1920. The property's zip code is 28358 which is in Lumberton, NC