4 bedroom house for sale

Overview

Turnkey investment property with solid and reliable income. This quadplex / fourplex property is known for attracting high-quality tenants and has a proven history of quick occupancy and stable rental payments. All 4 units have HVAC systems in good running condition, recently serviced for optimal performance. The house was completely rebuilt from tear-down to studs when purchased by the owner. Property has been kept in top shape. No termite and recently inspected. Always rents quickly to high-quality tenants, with no evictions or late payments in the past 5 years. Total Rent income: $4, 378. (Unit A: lease to 5/31/25, $1, 128; Unit B: lease to 6/30/25, $1, 050; Unit C: Tenant moved out on 05/31/24, new tenant to be secured at $1, 100/month within a week or two; Unit D: Tenant moving out on 6/29/24 due to job relocation, new tenant to be secured at $1, 100/month within a week or two.) This property has been professionally managed by Spruce Quality Rentals, a top-tier full service property management company renowned for excellent service with 8% management fee and a lot of repeating happy landlords and high retention rate with tenants. If you are a seasoned investor that buys property in growing area with high quality tenants and highly reputable and reliable property management company in place, with 24 hours leasing and maintenance hotline for tenants, this is the one to buy, especially when you are an out of town investor. However, buyer can also choose to self-manage or hire any other property management company. Owner is selling for buying a commercial property. Other 3 properties seller also listed for sale are: 109 N Blacknall St, Durham, NC 27703; 3615 Ranbir Dr, Durham, NC 27713; 1512 Arapahoe Ridge Dr, Raleigh, NC 27604. If anyone is doing 1031 exchange and interested in one or more properties from this seller, please contact listing agent for more details.