Presenting a turnkey, income-producing investment opportunity at 855 Cherokee Road in Winterville. This low-maintenance, 4-sided brick ranch, situated on a generous 1.04-acre lot with no HOA restrictions, offers immediate and stable cash flow for your portfolio. The property features a proven track record of rental success, anchored by a highly reliable tenant who has been in place for six years. Generating $2,600 per month in gross rent with the tenant covering all utilities, this asset ensures maximized net operating income, minimal overhead, and zero immediate vacancy risk. Beyond the impressive financials, the property is built for long-term durability and ease of management. Originally constructed in 1961 with an effective year built of 2000, the home minimizes immediate capital expenditure concerns for the next owner. The interior boasts attractive features that consistently drive high tenant retention, including hardwood floors, a cozy fireplace, and reliable central heating and air conditioning. Furthermore, the outdoor living spaces, such as a spacious patio and a covered front porch, provide the suburban comfort and privacy that premium renters demand. The expansive layout also offers incredible flexibility and future value-add potential. With 6 total bedrooms and 2.5 baths, the home easily accommodates large households. Crucially for investors, the completely finished basement includes a convenient kitchenette, making it an ideal setup for an in-law suite, guest quarters, or even a potential secondary rental unit to maximize future yields should the current tenant ever vacate. This unique combination of a massive footprint, robust structural condition, and guaranteed day-one income makes it a standout addition to any real estate portfolio.
Listing courtesy of Mark Spain Real Estate.
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