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113 E Cypress Street

Elizabeth City, NC 27909
  • $165,000
  • STATUS: Active
  • ON SITE: 6 Days
  • MLS #: 100468385
New On Site 6 Days Ago
$165,000
  • 4
    BEDS
  • 0.11
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Description

Duplex with an EXCELLENT rental history! 100% occupancy and solid tenants! Located on a gorgeous corner lot, it makes dividing the usage much easier. The cap rate on this property is just over 7%, leaving plenty of meat on the bone for any investor! **Seller is participating in a 1031 Exchange, at no cost to Buyer. Please include this language in your offer, and have Sellers name listed with ''&/or Assigns''. Buyer is aware that seller intends to perform an IRS Section 1031 tax-deferred exchange . Seller requests buyers cooperation in such an exchange and agrees to hold Buyer harmless from any and all costs, claims, liabilities or delays in time resulting from such an exchange. Buyer agrees to an assignment of this contract to TowneBank, a qualified Intermediary of the Seller.

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Mid Carolina MLS logo© 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2024-10-04T00:09:20.337.
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113 E Cypress Street Elizabeth City, NC 27909

  • Price: $165,000
  • Status: Active
  • On Site: 6 Days
  • MLS #: 100468385
4
Beds
2
Baths
0
½ Baths
0.11
Acres
1930
Built
Neighborhood:
None
County:
Pasquotank
Area:
Elizabeth City
Property Description
Duplex with an EXCELLENT rental history! 100% occupancy and solid tenants! Located on a gorgeous corner lot, it makes dividing the usage much easier. The cap rate on this property is just over 7%, leaving plenty of meat on the bone for any investor! **Seller is participating in a 1031 Exchange, at no cost to Buyer. Please include this language in your offer, and have Sellers name listed with ''&/or Assigns''. Buyer is aware that seller intends to perform an IRS Section 1031 tax-deferred exchange . Seller requests buyers cooperation in such an exchange and agrees to hold Buyer harmless from any and all costs, claims, liabilities or delays in time resulting from such an exchange. Buyer agrees to an assignment of this contract to TowneBank, a qualified Intermediary of the Seller.
Exterior Features

Attached Garage Spaces 0.00 Construction Wood Frame Detached Garage Spac 0.00 Exterior Features None Exterior Finish Vinyl Siding Fencing None Foundation Block Location Type Mainland Lot Description Corner Lot Lot Dimensions 40' X 128' X 39' X 173' Lot Sq Ft 4792.00 Lot Water Features None Parking Driveway SharedUnpaved Porch Balcony Deck Porch Road Type Frontage Public (City/Cty/St) Roof Shingle Total Carport Spaces 0.00 Waterfront No Waterview No

Interior Features

1 Bedroom Appliances RefrigeratorStove/Oven - Electric 1 Bedroom Cooling Wall/Window Unit 1 Bedroom Heating BaseboardElectric 1 Bedroom Units Avg Sqft 1000 1 Bedroom Units Full Baths 2 1 Bedroom Units Half Baths 0 1 Bedroom Units Total Rooms 4 Appliances Equipment RefrigeratorStove/Oven - Electric Attic Access Only Basement None Cooling System Wall/Window Unit(s) Efficiency Apartment Avg Sqft 798 Efficiency Apartment Full Baths 1 Efficiency Apartment Half Baths 0 Efficiency Apartment Rent 700.00 Efficiency Apartment Total Rooms 4 Efficiency Appliance RefrigeratorStove/Oven - Electric Efficiency Heating BaseboardElectric Fireplace None Flooring VinylWood Heating System Baseboard Interior Features None Laundry Location Hookup - DryerHookup - Washer Stories Levels Two Water Heater Electric

Property Features

1 Bedroom Rent Freq Monthly 1 Bedroom Units Occupied Yes 1 Bedroom Units Rent 750.00 Accessibility None City Limits Yes Cobra Zone No County Taxes 1411.00 Efficiency Apartment Occupied Yes Efficiency Rent Freq Monthly Electric Provider City of Elizabeth City Federal Flood Ins Available Yes Financials Available Yes Fuel Tank None Green Building Certification None Heating System Fuel Source Electric Hoa YN No Multifamily Sub Type Duplex New Construction No Possession Subject To Tenant Rights Property Management Company Yes Property Taxes 1403.65 Sewer Connected Stipulation Of Sale None Tax Year 2023 Terms CashConventional Water Provider City of Elizabeth City Water Sewer County SewerCounty Water Water Source Water Connected Zoning R-6



Mid Carolina MLS logo Listing information © 2024 NCRMLS
Listing courtesy of Lisa Brown of Inner Banks Real Estate Group, Inc.: (252) 333-1515.


Mid Carolina MLS logo© 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2024-10-04T00:09:20.337.
 
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