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$189,999
Est. payment /mo
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Hope Mills
MLS Listing ID 755586
Style Duplex
HOA Y/N No
Year Built 1910
Property Sub-Type Duplex
Property Description
3913 & 3915 Ellison Street is a duplex featuring two 2-bedroom, 1-bath units, each offering a spacious kitchen and dedicated utility room. The property presents a strong upside opportunity for investors looking to add value through stabilization and rent optimization.
Comparable duplexes with similar square footage and bedroom/bathroom counts have sold around $255,000, highlighting the potential equity opportunity. Market rents in the area support approximately $1,000 per unit, providing room for increased cash flow.
Conveniently located just minutes from Hope Mills Lake, with close proximity to shopping, dining, and everyday amenities, this property benefits from a desirable rental location within a growing market.
Ideal for investors seeking a value-add duplex with solid fundamentals and long-term upside.
Comparable duplexes with similar square footage and bedroom/bathroom counts have sold around $255,000, highlighting the potential equity opportunity. Market rents in the area support approximately $1,000 per unit, providing room for increased cash flow.
Conveniently located just minutes from Hope Mills Lake, with close proximity to shopping, dining, and everyday amenities, this property benefits from a desirable rental location within a growing market.
Ideal for investors seeking a value-add duplex with solid fundamentals and long-term upside.
Location
State NC
County Cumberland
Interior
Interior Features Ceiling Fan(s), Eat-in Kitchen, Separate/Formal Living Room, High Ceilings, Tub Shower
Fireplace No
Exterior
Exterior Feature Deck
Water Access Desc Public
Porch Deck
Building
Dwelling Type Duplex
Sewer Public Sewer
Water Public
Architectural Style Duplex
Schools
Middle Schools Hope Mills Middle School
High Schools South View Senior High
Others
Tax ID 0414-54-8115.000
Ownership More than a year
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Listed by WHITE HOUSE INVESTMENT GROUP
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