1116 Phillips Street

Clinton, NC 28328

About this property

Four (4) Parcels with 2.85 +- Acres of Land with 14 Single Family Houses. Range of 500 - 600 +- sq. ft. in each house built in 1950 +- and used as rental property. Each house has 2 bedrooms and 1 bath LR and Kitchen Combo. All measurements are approximate. Each may vary some. Houses are in fair to poor condition. Some have Central HVAC some don't. Some need to be remodeled / rebuilt. 5 houses are currently rented for $400. per month. Lots of upside potential with this property for someone looking to invest in residential rental property who does not mind doing some reconstruction / remodeling. ALSO, these parcels have a great potential for total redevelopment for possibly a new construction development for rental property. Call for more information and or a showing of the property. Parcel No. 15114742701, 15114742703, 15114742702, 15114742704. Addresses are 1116,1118,1120,1122,1124,1126,1128,1130,1134,1136,1129,1131,1135,1137 Phillips Street. This property also has room to possibly build more houses if desired. Property and houses are being sold in ''AS IS'' physical condition. Also, Once a new buyer purchases all of the property they they may be able to subdivide each lot off. Talk with the Planning and Zoning office to understand what can be done with this property.

About this property

Four (4) Parcels with 2.85 +- Acres of Land with 14 Single Family Houses. Range of 500 - 600 +- sq. ft. in each house built in 1950 +- and used as rental property. Each house has 2 bedrooms and 1 bath LR and Kitchen Combo. All measurements are approximate. Each may vary some. Houses are in fair to poor condition. Some have Central HVAC some don't. Some need to be remodeled / rebuilt. 5 houses are currently rented for $400. per month. Lots of upside potential with this property for someone looking to invest in residential rental property who does not mind doing some reconstruction / remodeling. ALSO, these parcels have a great potential for total redevelopment for possibly a new construction development for rental property. Call for more information and or a showing of the property. Parcel No. 15114742701, 15114742703, 15114742702, 15114742704. Addresses are 1116,1118,1120,1122,1124,1126,1128,1130,1134,1136,1129,1131,1135,1137 Phillips Street. This property also has room to possibly build more houses if desired. Property and houses are being sold in ''AS IS'' physical condition. Also, Once a new buyer purchases all of the property they they may be able to subdivide each lot off. Talk with the Planning and Zoning office to understand what can be done with this property.

Features and Additional Information

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$400,000 Active
2 Bed(s)
1
Bath
550 SqFt

Presented By Point Setter Realty

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Get in touch today! Phone: 1-910-741-0050
Brokerage
Carr Real Estate Company
1-910-592-4232
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Area Information

Sampson | Sampson County | Other

$ 400,000
This listing is play_arrow 33.4% higher than the average in the area
$ 299,900 in the area
550 SqFt
This listing is play_arrow 67.7% smaller than the average in the area
1,701 SqFt in the area
$ 727 $/SqFt
This listing is play_arrow 312.5% more than the average in the area
$ 176 $/SqFt in the area
258 days on site
This listing is play_arrow 561.5% above the average in the area
39 days on site in the area

Schools in the Area

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    Elementary School
    Butler Avenue Elementary
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    Middle School
    Sampson Middle
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    High School
    Clinton High

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Listed By Ed Carr
Brokerage: Carr Real Estate Company

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