916 Avon Ave, Burlington, NC 27215. The cash price is $400,000.

This turnkey quad was built in 2016. All units are 2 beds/2 baths and 995 sqft.  

Rents are currently below the market rate at $795 per unit. However, our property manager reviewed the property and believes rents should be $1,000 per unit, minimum. Tenants are month to month. 

The cash price is $400,000, which will allow you to achieve the 1% rule after bringing rents to market rate. 

Below are the properties details:

4 units

2 bed/2 bath per unit

Tenants are month to month

SqFt: 995 per unit

Lot: 18,077

Year Built: 2016

Cash Price: $400,000

HERE are photos.

Additional notes: 

The tenants pay their own electricity. The owner pays for water and sewer (~$110 a month) and garbage service ($150 a month). The owner currently has a dumpster for the building, which we believe is unnecessary. You could cut costs by switching to cans. Insurance is $1422 a year through Nationwide. The Apts are electric, and there is no gas on the property. City taxes are $1737.15, and County taxes are 1919.50 this year.