Quad, Garden - Thomasville, NC
Fourplex consisting of 2 one bedroom, one bath units and 2 two bedroom, one bath units, 100% occupied. 2 two bedroom units and 1 one bedroom unit completely remodeled...new electrical wiring, new laminate, carpet and vinyl, new bathrooms and kitchen, washer / dryer connection, range/oven and refrigerator. Rents are $425 month for two bedroom units, $395 month for renovated one bedroom unit and $350 month for the other one bedroom unit. Cap rate 14%, 7 year payout.
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