551 Blendwood Dr, Charlotte, NC 28215

CAP RATE 10% AFFORDABLE HOUSING! 2 Beds/1Bath Full BRICK Condo waiting for the right owner:) Condo has heating and a/c. Taxes and Insurance $100 per month and HOA $70 per month. This cute condo is for someone that is looking for an affordable place to live or rent out for $650 per month. (Rent $650-100 taxes/insurance-100 maint-70 HOA= $380 NOI X10=3,800/35,500=10% CAP RATE) PLEASE DO NOT DISTURB the tenants! ASKING $35,500 CREDIT AT CLOSING $3,200 YOUR FINAL PRICE $32,300! Minor repairs-replacement of woods, windows, paint etc..$2k