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1116 Phillips Street
Clinton, NC 28328
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B
What's Special
1116 Phillips Street, Clinton, NC 28328 <ul><li>Four (4) parcels of land totaling 2.85 +/- acres</li><li>Paved road, City Water, City Sewer, Natural Gas, Electricity</li><li>10 old block houses on the properties, 4 currently rented at $400/month each</li><li>Each house approximately 500-600 sq ft with 2 bedrooms, 1 bath</li><li>Re-development possibilities and potential for new construction</li><li>Survey shows 21 lots in Map Book 27 Page 89</li><li>Two areas currently vacant land where new buildings could possibly be built</li
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
