3401 Reid Ave., Charlotte, NC 28208

3401 Reid Ave., Charlotte, NC 28208
Photo 1 of 1
$75,000
Sold on 10/14/14
Beds Baths Sq. Ft. Taxes Built
3 1.00 800 0 1930
On the market: 100 days
View full details, photos, school info, and price history
3 BR 1BA house and 2 duplexes (2BR 1BA each) with the MLS listing numbers 3019715, 3019719, & 3019741 that are being sold as a package deal. Renovated around 2010 and due to bad management they got vandalized. Currently they need around $40K in repairs. Unit 3403-B is rented $450. All other units are boarded, in need of repairs. Potential Rent of $495 x4=$1,980 for the Duplexes and $695 for the house=$2,675x12=$32,100/$80K Purchase Price and $40K in repairs=$120,000 investment at 26.75%(ROI)
Listing courtesy of Ronnie Brown-Walters, CTL Properties LLC