401 E Broad St, Statesville, NC 28677

Fantastic opportunity for a savvy investor. Fourplex for sale by motivated year-end seller located in the heart of Statesville, NC. Two 2-bdr/1bath units and two 1-bdr/1 bath units. Immediately adjacent to downtown Statesville • Low basis for value-add or a strategic hold strategy: Asking price represents less than $54k/unit, offering the chance to buy at an exceptional starting point for maximizing your returns. • Option to buy and hold: Two units are occupied by long term tenants paying $850 and $785 per month. The other two units, paying $850 and $800, are in the process of vacating (owners’ decision) providing the opportunity to release or renovate for improved rents. As-is monthly rental revenue was $3,285 per month fully occupied, offering excellent cash flow and an exceptional in place rate. • Value-Add Opportunity: Renovate the units to uplift rents to market • House hack opportunity: live in one of the units and renovate or rent out the others. Other Notes: New roof (2024), water is paid by owner ($100-$150 per month). Each unit has its own electric meter, which tenants are responsible for. Each unit has it's own kitchen. Interior showings after accepted offer, please do not disturb tenants. This property is being sold as-is. Buyer is responsible for conducting all necessary inspections and due diligence prior to closing.