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32467852

41 Locations

JS
MD 5422, VA 0225267147 (+4)
Tranzon Key
TK
VA VAAF423
Tranzon Key
Listed by Tranzon Key
$799,000
27 days on market
Updated 5 days ago

Auction: Rental Portfolio with Upside! Enfield NC

Details
Property Type Multifamily, Retail (+1)
Sub Type Single Family Rental Portfolio, Storefront (+1)
Units 47
Occupancy 40%
Tenancy Multi
Zoning Residential and Commercial
Ground Lease No

$151K /Year Gross

Marketing description

AUCTION: Rental Portfolio with Upside! $151K /Year Gross

47 deeds, 2 commercial spaces & 1 commercial lot - Selling in Groups or Your Choice

Tenants in 19 Houses & 2 Commercial Spaces

16 Vacant Houses, Rehab or Tear Down and Rebuild

9 infill Lots - build or place a mobile home

Online Auction - Cash, AS IS terms. Bid in our groupings, or make an early offer for your choice of the properties.

Welcome to Enfield, NC, the oldest town in Halifax County of Eastern North Carolina. It's located just 5 miles off Exit 154 of I-95, between Rocky Mount and Roanoke Rapids. Host to the annual Peanut Festival and site of peanut and solar farms.

This 16-year LLC-owned investment portfolio provides immediate cash flow AND opportunity to tear down and rebuild, fix and flip or rent the vacant houses and build or install manufactured, modular or mobile homes on the lots in compliance with Enfield land usage ordinances.

The property will be up for bid in groups.

NOTE: Groupings are subject to change

Group A: Commercial Building w 2 tenants Gross Annual Rent $11,400, a vacant commercial shell, and a commercial zoned Lot

Group B: 1 Residential house gross rent $8,400

Group C: 8 Residential Properties all one street gross annual rent $66,000

Group D: 7 Houses gross rent $36,300

Group E: 7 Houses gross rent $22,500

Group F: 8 infill lots - residential

Group G: 13 vacant houses

Information current as of 5/11/26

All leases are on a 30-day notice by either tenant or landlord; this allows for a 7-day eviction notice if needed. Also, the lease specifically stipulates: "Landlord may terminate this lease upon 30 days written notice to Tenant that the Premises have been sold."

An April site visit by a Tranzon team found all tenants to be polite and cooperative.

Download the Property Information Package for addresses, tax records and terms of sale.

Please see property KEY5183 on our website at https://www.tranzon.com/key5183 for more information. Price shown is Broker opinion of value. Bid your price at auction.

Tranzon Key, NCAF4953

Investment highlights

AUCTION: Rental Portfolio with Upside! $151K /Year Gross

47 deeds, 2 commercial spaces & 1 commercial lot - Selling in Groups or Your Choice

Tenants in 19 Houses & 2 Commercial Spaces

16 Vacant Houses, Rehab or Tear Down and Rebuild

9 infill Lots - build or place a mobile home

Listing Contacts

JS
MD 5422, VA 0225267147 (+4)
Tranzon Key
TK
VA VAAF423
Tranzon Key
Listed by Tranzon Key

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