🚨 Ahoskie, NC: 11-Door Turnkey Portfolio – $300K, 17%+ Cap Rate!
Seize this high-cash-flow investment opportunity in Ahoskie, North Carolina! This 11-door rental portfolio offers a mix of single-family homes, duplexes, and a triplex, all strategically clustered for efficient management. With stable, long-term tenants, light value-add potential, and strong ROI, this deal is perfect for buy-and-hold investors or those targeting Section 8 opportunities.
Property Overview
- Portfolio Size: 6 properties, 11 total doors
- Property Types: Single-Family Residences (SFRs), Duplexes, and a Triplex
- Current Monthly Rent: $3,485
- Pro Forma Monthly Rent: $4,385 (with light value-add)
- Cash Price: $300,000
- Estimated Cap Rate: 17%+ (stabilized)
- Value-Add Potential: Increase rents through cosmetic improvements and filling vacant units
- Tenant Status: Mix of long-term tenants and one vacant duplex ready for leasing
Property Details
| Address | Type | Doors | Rent (Monthly) | Status |
|---|---|---|---|---|
| 107 S Dr Martin Luther King Jr | SFR | 1 | $650 | Rented |
| 111 S Dr Martin Luther King Jr | SFR | 1 | $450 | Rented |
| 115/117 Dr Martin Luther King Jr | Duplex | 2 | $450 each | Both Vacant |
| 119 Dr MLK Jr / 403 E Church St | Duplex | 2 | $450 + $400 | Both Rented |
| 405 E Church St | Duplex | 2 | $425 (Downstairs only) | 1 Unit Rented |
| 415 E Church St A/B/C | Triplex | 3 | $350 / $380 / $380 | All Rented |
Location & Community
Ahoskie, North Carolina, is a charming small town in Hertford County, known for its affordability, tight-knit community, and growing rental demand. Located in the heart of the Roanoke-Chowan region, Ahoskie offers a peaceful, family-friendly environment with convenient access to major highways, making it an attractive destination for tenants and investors alike.
- Proximity to Amenities: Close to local schools, shopping centers, healthcare facilities like Vidant Roanoke-Chowan Hospital, and recreational spots such as Ahoskie Creek Recreational Complex.
- Economic Stability: Home to a diverse economy with key employers in healthcare, education, and retail, ensuring a steady tenant base.
- Community Appeal: Known for its welcoming atmosphere, Ahoskie hosts community events like the annual Hertford County Farmers Market and offers a low cost of living, making it ideal for long-term tenants.
- Investment Advantage: The properties are centrally located near Dr. Martin Luther King Jr. Drive and E. Church Street, ensuring easy access for tenants and efficient management for investors.
Why Invest in This Portfolio?
- High Cash Flow: Immediate rental income with room to grow through rent increases and filling vacancies.
- Clustered Properties: All units are located close together, simplifying property management.
- Light Value-Add: Cosmetic upgrades and leasing the vacant duplex can boost returns.
- Strong ROI: Estimated 17%+ cap rate upon stabilization, ideal for cash-flow-focused investors.
- Section 8 Potential: Properties are well-suited for Section 8 tenants, offering additional stability.
Schedule a Viewing Today!
Don’t let this opportunity pass you by. Contact us below to receive a detailed investor package, including comps and financials. Don’t miss out on this high-yield opportunity in a growing market!
Interested in This House? Let’s Talk.
📞 Call Us Today: (919) 944-7248
📧Email Us: coxpropertyinvestment@gmail.com
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