Rental Portfolio with Upside! $151K /Year Gross Enfield, NC

Property Location MAP

Multiple Locations
Enfield, NC 27823

Property #: KEY5183

Preview Times


Drive by at your Convenience

Contact Agent

John Cates
Tranzon Key

919-622-8646 Or 888-621-2110 jcates@tranzon.com

Sam Kinter

703-606-6246 skinter@tranzon.com
Rental Portfolio with Upside! $151K /Year Gross
  • 45 deeds, 2 commercial spaces & 1 commercial lot - Selling in Groups or Your Choice
  • Tenants in 19 Houses & 2 Commercial Spaces
  • 14 Vacant Houses, Rehab or Tear Down and Rebuild
  • 9 infill Lots - build or place a mobile home
 
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: 6 Houses gross rent $22,500
Group F: 8 infill lots - residential
Group G: 12 vacant houses
 
Information current as of 6/23/26
 
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.
 
Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.

NCAF4953

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact John Cates

John Cates: Tranzon Key

919-622-8646 jcates@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyers Premium based on the high bid.
  • Closing: 35-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: Online registration requires $5,000 hold on a valid credit card. The hold will be released post-auction. A 10% deposit is due within 48 hours of being notified that you are the successful high bidder.
  • Buyer Agent Compensation: 2% of the high bid will be paid to a properly registered buyer's agent at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

Online Bidding Instructions:

See terms and conditions in the property information package.

-

Have a Property To Sell? Request a FREE Property Consultation