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Newport, NC 28570
(Pine Ridge)

1600 Sq.Ft. | Commercial

MLS# 100124889


Property Listed By: RE/MAX Homestead
Agent: John Vesco


Tremendous Multi-Family investment opportunity in Newport, NC located in the Pine Ridge Subdivision. 4 of 5 townhouses available for sale (we can get the 5th townhouse). All units are 3 stories; 1st level is open concept, living room, dining, kitchen and 1/2 bath, 2nd level offers 2 master bedroom suites with master baths and 2 large closets, 3rd floor is unfinished, but could easily be finished, some units already plumbed for bath and a/c. Kitchen features breakfast bar, plenty of cabinets and counter space, all appliances, Frig, built-in microwave, dishwasher, and stove. Ample parking. Property is close to air base, beaches and tourist amenities. Rental rates currently $800 – $900 per month. This property is 100% occupied, with 12 month lease. Offers a GREAT return on investment.Residents pay a $75 a month HOA dues which covers; Septic clean out twice a year, common area electric, lawn care and $1200 a year for Building Insurance.

Other yearly expenses for building are $440 year per unit in taxes and $3000 year Wind and Hail Insurance. 101 Ole Field Circle #B, C, D & E


Acreage: 0.02
Construction: Wood Frame
Cooling: Central
Days on Market: 7
Drive Way: Off Street,On Site,Paved
Foundation: Slab
Heating: Heat Pump
Road Type: Maintained,Paved,Public (City/Cty/St)
Roof: Shingle
Sq. Ft: 1600
Sewer: Septic On Site,Well Water
Water: Septic On Site,Well Water
Property Listed By:RE/MAX Homestead