602 Hugh Street

Description

Exceptional Investment Opportunity - Individual Home or 10-Property Portfolio A rare opportunity to purchase a fully renovated brick ranch home--available individually for $115,000 or as part of an exclusive 10-home portfolio, all located on the same street. This flexible offering is well-suited for owner-occupants, first-time investors, or those seeking to scale an existing rental portfolio efficiently. Built in 1956, each 2-bedroom, 1-bath residence has undergone extensive renovations, including new electrical, plumbing, HVAC systems, kitchens, bathrooms, laundry closets, windows, and entry doors. HVAC systems primarily include energy-efficient mini-splits and heat pumps, and several homes feature newer roofs installed in 2020. All work was completed by licensed contractors under a General Contractor, with permits pulled, inspections completed, and Certificates of Occupancy issued. Permit and renovation documentation is available through the co-listing agent. Seven homes are currently tenant-occupied, providing immediate income. Two homes are nearing completion, and one home is pending renovation, offering built-in value-add potential. Once fully completed and leased at market rents, the projected gross monthly rent across all ten homes is approximately $11,000. With all properties located on the same street, this portfolio offers operational efficiency, simplified management, and low-maintenance ownership. Situated in Goldsboro, the homes benefit from strong rental demand and stable market fundamentals, supporting consistent cash flow today with future upside. Purchase one, multiple homes, or the entire portfolio--investment options are open.