20713 Us Highway 52 Hwy S, Albemarle, NC 28001

5 units, leased month to month at $450. I project the leases could be raised to $550 with no improvements and higher with improvements. Priced at a 9% cap as is with a 30% management / maintenance criteria which is non-existent in reality. Pricing the cash flows as 70%, and selling the property for $150,000 in 15 years leaves an NPV of $64,000 instead of 0. I have allowed $110,000 (approx) in money on the table. I am open to offers and thoughts.