1103 N Elm Street Lumberton, NC $ 1,395,000
1103 N Elm Street
$ 1,395,000
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1103 N Elm Street

Lumberton, NC, 28358
$ 1,395,000
Baths0.0

Monthly Estimate*

$ 9,744

1103 N Elm Street, Lumberton, NC 28358 - Image 1
1103 N Elm Street, Lumberton, NC 28358 - Image 2
1103 N Elm Street, Lumberton, NC 28358 - Image 3
1103 N Elm Street, Lumberton, NC 28358 - Image 4
1103 N Elm Street, Lumberton, NC 28358 - Image 5
Studio

Single Family Home for sale in Lumberton, NC

for $1,395,000. This home was built in 1920.

It's a fantastic turn-key investment opportunity. Four single-family properties total, fully furnished. Long-term professional tenants under lease. Net Operating Income in the range of $180,000 per year offers investors a CAP rate of 12.9%. They are shown by appointment only with 72 hours notice to bona fide, well-qualified candidates. Many updates and recent improvements including 1103 N Elm: •New duct works under home •New disposal in kitchen •New paint in several rooms •New HVAC in the cottage •New drain lines for the cottage •Extensive landscaping and driveway improvements; 307 W 18th St: •Complete remodel of a main suite •addition of Complete bath and walk-in closet •New floors throughout •New paint and wallpaper throughout •New drive-through and parking lot in back of house •New siding •paint on the back of the home. •Upgrades to all bathrooms; 840 Jane Street: •New landscaping in front of the house.

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Single Family Active

Price

$ 1,395,000

Bedrooms

Studio

Property Type

Single Family

Taxes

$ 0

Style

Year Built

1920

Town/City

Lumberton

County/Region

Robeson

MLS | Web ID

717608

Features
General
Sewer PublicSewer
Possession CloseOfEscrow
Architectural Style Other
Year Built 1920
Property SubType Other
Gross Income 222600.0
County Robeson
Net Operating Income 154941.0
Operating Expense 67659.0
New Construction N
Property Type MultiFamily
HOA / Comm Assn N
Attached Garage N
Subdivision Name OTHER
Garage Y/N N
Special Listing Conditions Standard
Status Active
High School Robeson Co Schools
City Lumberton
Buyer Agent Compensation 3.00
View Y/N N
Senior Community Y/N N
Total Units 4
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Elm
Listing Terms Cash Conventional Item1031Exchange
Elementary School Robeson Co Schools
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Middle/Junior High School Robeson Co Schools
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 31
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Occupied
Property Sub Type Additional Other
Buyer Agent Compensation Type Item1
Legal Description LT ELM STREET
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Exterior
Water Source Public
Lot Size Area 0.0
Spa N
Lot Size Units SquareFeet
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Street
Electric On Property Y/N N
Below Grade Finished Area Unit Type SquareFeet
Above Grade Finished Area Unit Type SquareFeet
Total Baths 0
Living Area Units SquareFeet
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Internal Only
Street Number 1 1103
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* Excluded Features
List By
DAVID ZEITZ

Listing Agent

david@lumbertonhomes.com

Email

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$9,744
Per Month
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Monthly Principal & Interest
$9,744
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291671 Elementary School
291579 Middle School
Robeson Co Schools High School High School
Pricing History
DatePricePrice ChangeDescription
1/28/2024$1,395,000 -6.69% Price Down
12/29/2023$1,495,000 Listed Price

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1103 N Elm Street, Lumberton, NC, 28358 is a Single Family Home for sale at $1,395,000. 1103 N Elm Street is a studio with 0.0 baths and was built in 1920. The property's zip code is 28358 which is in Lumberton, NC