Don't miss this stable, cash-flowing rental property with value-add opportunity. Property is 100% leased to two tenants who are current on all rental payments, grossing $1,800 per month. 151 Loblolly is a 4BR/3BA unit leasing for $1,100 per month with long-term tenants. 153 Loblolly is a 2BR/1BA unit leasing for $700 per month. Both leases are month to month. Market rent is projected at $2,000 per month, presenting an opportunity for future income growth. Priced well below replacement cost and the per-bedroom average of most 2-unit multifamily properties available in the market, where else can you find this much potential income at this kind of price? Property has been professionally managed and well maintained with two new HVAC units in the last two years, and 151 Loblolly has new dishwasher and refrigerator.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
