1821 Spencer Avenue, New Bern, North Carolina 28560
Comm Sale or LeaseProperty Type
184 DaysTime On Market
This freshly updated investment opportunity contains 5 units and are 100 percent occupied. Current NOI over 45k with a pro forma over 50k. Still potential for value add but turnkey enough to do nothing but cashflow. The current area is growing quickly. Reach out for additional financial information and questions. Sqft and zoning are for Buyer and Buyer agent to confirm. Property consist of 2, 2 bedroom 1 bath units and 3, 1 bedroom 1 bath units. This is currently being sold at a 7.5 + cap. With a rent increase and taking off a couple of expenses this could be higher very easily.