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5 & 7 Dark Cove Road

Leicester, NC 28748
  • $142,500
  • STATUS: Active
  • ON SITE: 34 days
  • ID#: 3755261
Price Reduced
UPDATED: 11 min ago
$142,500
  • 3
    BEDS
  • 1.65
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,120
    SQFT
  • $127
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1999
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Offered by Realty World Marketplace. Copyright 2021 Canopy MLS. All rights reserved.

Description

Investors take note - high yield property with solid rental history and low maintenance - tenants in tow. This offering includes 1.65 acres with two 1999 singlewide homes - both updated at last tenancy turnover. Property borders large Creek (not in flood) and offer great up views. Not likely suited for financing as shared well and septic - no road maintenance agreement (neighbor does maintain but never collected any fee). Cash buyers will love this income approach to value. Likewise this property is ideal for a leftover portion of 1031 money. $18,900 annual Gross applying 20% debt coverage ratio property offers performance at solid 10%+ CAP Rate. Owner pays electricity for Shared Well only. Tenants both wish to stay - one lease month to month - one lease term will be month to month after 8/2021. Showing to begin 6/28 with 24 advance notice - confirmed appointments only.

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Based on information submitted to the MLS GRID as of 2021-07-29T18:59:08.197 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Keller Williams Professionals nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2021 Canopy MLS.

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5 & 7 Dark Cove Road Leicester, NC 28748

  • Price: $142,500
  • Status: Active
  • Updated: 11 min ago
  • ID#: 3755261
3
Beds
2
Baths
0
½ Baths
1.65
Acres
1,120
SQFT
$127
$/SQFT
1999
Built
Neighborhood:
None
County:
Buncombe
Area:
Leicester
Elementary School:
Unspecified
Middle School:
Unspecified
High School:
Unspecified
Property Description
Investors take note - high yield property with solid rental history and low maintenance - tenants in tow. This offering includes 1.65 acres with two 1999 singlewide homes - both updated at last tenancy turnover. Property borders large Creek (not in flood) and offer great up views. Not likely suited for financing as shared well and septic - no road maintenance agreement (neighbor does maintain but never collected any fee). Cash buyers will love this income approach to value. Likewise this property is ideal for a leftover portion of 1031 money. $18,900 annual Gross applying 20% debt coverage ratio property offers performance at solid 10%+ CAP Rate. Owner pays electricity for Shared Well only. Tenants both wish to stay - one lease month to month - one lease term will be month to month after 8/2021. Showing to begin 6/28 with 24 advance notice - confirmed appointments only.
Exterior Features

Architectural Style Other Construction Materials Aluminum Siding Elevation 2000 Lot Features Green AreaLong Range ViewCreek/Stream Main Level Garage YN Yes Parking Features DetachedGarage - 1 CarParking Space - 4+ Patio And Porch Features BackDeckFront Road Surface Type Gravel Roof Composition

Interior Features

Appliances Ceiling Fan(S)Electric RangeRefrigerator Bedroom1 Level Main Bedroom2 Level Main Below Grade Finished Area 0 Building Area Total 1120 Fireplace YN Yes Flooring CarpetLaminate Foundation Details See Remarks Heating Heat PumpHeat Pump Hoa Subject To Dues No Laundry Features Main LevelLaundry Room Rooms Bathroom 1Bathroom 2KitchenLiving RoomBedroom 1Bedroom 2 Water Heater Electric

Property Features

Construction Status Complete Construction Status1 Complete Hoa Subject To None Listing Terms 1031 ExchangeCash New Construction YN No Property Sub Type Single Family Residence Proposed Special Assessment YN No Second Living Quarters Separate Living Quarters Second Living Quarters Sq Ft 0 Sewer Shared Septic Special Listing Conditions Subject To Lease Structure Type Other Tax Assessed Value 103000 Water Source Shared Well



Based on information submitted to the MLS GRID as of 2021-07-29T18:59:08.197 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Keller Williams Professionals nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2021 Canopy MLS.

Digital Millennium Copyright Act
 
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Keller Williams Professionals
86 Asheland Avenue
Asheville NC, 28801
Offered by Realty World Marketplace. Copyright 2021 Canopy MLS. All rights reserved.