104 Brickyard Ln - Apartments FOR SALE


Lillington, NC 27546
$2,550,000 USD
919-674-1129
104 Brickyard Ln, Lillington, NC for Sale
$2,550,000 USD
Apartments - FOR SALE
1/8
null | 4.51% Cap Rate

104 Brickyard Ln
Lillington, NC 27546


HIGHLIGHTS

  • Historically strong occupancy; currently 100% leased with professional management
  • Abundant on-site parking whereby each occupant gets their own parking space
  • Value-add investment

OVERVIEW

Nine (9) townhome-style units — each ±1,450 SF, 3 bedrooms/ 3 full bathrooms. Built in 2017 with washer/dryer hookups, granite countertops, LVP flooring, and open layouts Value-add investment with upside due to rents currently being below market $300-$400/unit/month Individually metered and deeded units enable flexible financing and exit strategies Historically strong occupancy; with professional management Abundant on-site parking whereby each occupant gets their own parking space 1.2 acre entitled development site, included for nine (9) additional townhomes

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$178 USD /SF

# OF UNITS

9

PRICE/UNIT

$283,333

CAP RATE

4.51%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2017

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,480 SF

ZONING

RA-30

APN/PARCEL ID

110670 0324

ASK ABOUT THIS PROPERTY

Kyle GrossMarcus & MillichapMore Info
919-674-1129

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Kyle GrossMarcus & MillichapMore Info
919-674-1129

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.