Commercial and Residential Income Producing Portfolio

1533-1601 North Road Street Elizabeth City, NC, USA
  • Property ID: 2869
  • Date added: 01/25/22
  • Post Updated: 2022-01-25 15:30:09
  • Floors: 1
  • Status:
  • Area: 14807 sq ft
  • Lot size: 2.671 acres
  • Year built: 1953-1987

Description

Very unique income producing portfolio that includes 3 comm. bldgs with 10 comm tenants and 2 rental houses all in a row with 100% occupancy/no vacancy. Comm. tenants have been there 13.5 yrs on average. Projected YTD income $139,080, expenses $29,228.65 giving a Net Operating Income of $109,851.35 which is a 9.15% cap rate at the asking price. Property was appraised in January 2022 for $1,230,000. Appraisal and leases available upon request. Addresses include 1533, 1535, 1537, 1541(parking lot), 1545, and 1601 N Road Street and they were built in 1953, 1960, 1986, 1978, & 1987 respectively. Owners are NC Licensed Real Estate brokers. Outside of City Limits so there are no City Taxes. PIN#’s 891503325750, 891503324771, 891503323774, 891503322852, 891503321817, & 891503228990. 1533 rents for $9600/yr, 1535 $10,200/yr, 1537A Ocean Tanning (2010) $10,800/yr, 1537B McPherson Tax (1999) $6,600/yr, 1537C Nationwide (2016) $7,800/yr, 1545A/E NCDMV (2005) $18,600/yr, 1545B Coastal Cannibis (7/2021) $9,600/yr, 1545C Sicario Builders (2018) $7,800/yr, 1545D Karen Ventura CPA (2011) $7,200/yr, 1545F Chappell Realty (1978) $12,000/yr, 1601A/B Community Health Care (2012) $27,600/yr, 1601C Coastal Staffing (2013) $11,280/yr. Property Tax $7,381.10/yr Insurance $5,692/yr. Appraisal and leases available upon request.

Features

Features:
  • Zoned C-1
  • Zoning allows for majority of commercial uses
  • No City Taxes!
  • NOI $110,000
Amenities:
  • Handicapped access
  • Private Parking

Documents

Agent

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Properties Qty: 95 Rating:

This style property is located in is currently and has been listed on The Rich Company. This property is listed at $ 1,200,000.00. It has bathrooms, and is 14807 sq ft. The property was built in 1953-1987 year.