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MULTI_FAMILY - Oxford, NC
Investor Alert: Turnkey Duplex Offering Strong Rental Potential. Don't miss this rare chance to own a fully leased, income-producing duplex in a quiet, private setting just minutes from downtown Oxford on a quiet dead end street. Conveniently located near shopping, dining, and local amenities, this property is well positioned for steady long-term rental performance in a market experiencing rapid growth. Whether you are expanding your portfolio or making your first investment, this low-maintenance duplex is an excellent addition. Each side features 2 bedrooms and 1 full bath, with both units currently leased on a month-to-month basis for immediate cash flow. The property reflects a 6.5% cap rate based on current rents, with significant upside as rental rates remain well below market value. Unit 230 has been occupied since May 2018 and was refreshed the same year with updated paint, floori...
Investor Alert: Turnkey Duplex Offering Strong Rental Potential. Don't miss this rare chance to own a fully leased, income-producing duplex in a quiet, private setting just minutes from downtown Oxford on a quiet dead end street. Conveniently located near shopping, dining, and local amenities, this property is well positioned for steady long-term rental performance in a market experiencing rapid growth. Whether you are expanding your portfolio or making your first investment, this low-maintenance duplex is an excellent addition. Each side features 2 bedrooms and 1 full bath, with both units currently leased on a month-to-month basis for immediate cash flow. The property reflects a 6.5% cap rate based on current rents, with significant upside as rental rates remain well below market value. Unit 230 has been occupied since May 2018 and was refreshed the same year with updated paint, flooring, stove, and refrigerator. Unit 232 has been occupied since April 2021 and was refreshed with new paint in 2021; flooring, stove, and refrigerator were previously updated in 2015. Interior photos were taken prior to tenant occupancy. Tenants require 48 hour notice for all showings. Showings require coordination with the leasing office and are available Monday through Friday between 10 AM and 4 PM. Additional financials are available upon request - contact Jessica for details or to schedule a showing.
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