1734 East Martin Luther King Junior Drive

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1734 East Martin Luther King Junior Drive

High Point, NC 27260
Asking Price
$1.20M
Asset Type
Single Family Rental Portfolio Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Portfolio of single family rental units for sale
  • Located at 1734 East Martin Luther King Junior Drive
  • High Point market within the North Carolina Triad region
  • Priced at an asking amount of 1199000 dollars
  • Asset class suitable for residential investment strategies

What's Special

Investors seeking to expand their residential holdings will find this single family rental portfolio at 1734 East Martin Luther King Junior Drive in High Point, North Carolina, a viable addition to a diversified real estate strategy. The offering consists of residential units well-positioned within this established regional market. High Point maintains a consistent demand for housing driven by its historical ties to the manufacturing and furniture industries alongside its role within the broader Greensboro-Winston-Salem-High Point corridor. This portfolio presents a stabilized opportunity for buyers focused on long-term rental income generation in a suburban environment that continues to attract a steady demographic of workforce tenants. The scale of this acquisition allows for immediate operational oversight within a market known for its moderate cost of living and sustained economic growth. These residential assets align with professional portfolios aiming to leverage regional housing demand and current property values in this section of the state.

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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.45%
Monthly Payment
$5,931.998
Annual Cash Flow
$8,816.026

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