611 Se Railroad St, Wallace, NC 28466

$1,400,000

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List Price
$1,400,000
Status
ACTIVE
Days on Market
44
MLS#
100593791
Subtype
Commercial Sale
Year Built
1993
Lot Size
37,462
Acres
0.86
Subdivision
Not In Subdivision
Neighborhood
Not In Subdivision

Property Description

Build your investment portfolio with these eight duplexes now available in Wallace. Built in 1993 with four buildings each have two rental units. Each unit /floor plan includes 2 bedrooms with 1.5 baths. Downstairs tenants enjoy a living area, half bath kitchen and dining space. Upstairs there are 2 bedrooms and a full bath. Washer /dryer hookups in place. Written leases are in place with some tenants having resided here for years. At time of listing only one unit was vacant. Duplexes have been well maintained by the owners and vinyl siding provides low maintenance. There is plenty of off paved off street parking. Units have town water, sewer and trash pick up via Town of Wallace. Present owners do pay those monthly water/sewer/trash service fees. Location is convenient to downtown shopping and Clement Street Park is conveniently located behind the property - enjoy a playground ,walking track, and tennis courts. Easy access to I 40 in less than 10 minutes.

Additional Information

Zoning
r-8
Flooring
Carpet, Vinyl
Heating
Electric, Forced Air
Air Conditioning
Central Air
Roof
Shingle
Parking Features
Asphalt, Off Street

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Johnson Realty.