113 Meadow Creek Church Rd - Apartments FOR SALE


Locust, NC 28097
$400,000 USD
704-796-7460
113 Meadow Creek Church Rd, Locust, NC for Sale
$400,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

113 Meadow Creek Church Rd
Locust, NC 28097


HIGHLIGHTS

  • Close to Highway 24/27
  • Potential Property Redevelopment

OVERVIEW

Great location in the city of Locust close to Intersection of Hwy 24/27 and Meadow Creek Church Rd. Property has tenants in place please do not disturb. Property includes house and duplex which have tenants in place on verbal month to month lease. Value is based on acreage and future development potential. This property adjoins other listed parcels that have frontage on Main Highway. Development possibility to be confirmed with Locust Planning and Zoning by buyers agent. Property being sold as is, seller to make no repairs or improvements. **DO NOT DISTURB TENANTS** Showings will only be allowed if there is a signed purchase agreement. Both the single family home and the duplex are not in good shape and therefore the purchase price is based on land. The single family home is being leased for $700/mo and each of the duplex units are leased for $600/mo. All are verbal leases and are month to month.

FOR SALE DETAILS

PRICE

$400,000 USD

PRICE/SF

$148 USD /SF

# OF UNITS

3

PRICE/UNIT

$133,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

OPS

APN/PARCEL ID

5565-04-90-6934

ASK ABOUT THIS PROPERTY

Ed McAfeeLocus Real Estate Advisors, Inc.More Info
704-796-7460

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Ed McAfeeLocus Real Estate Advisors, Inc.More Info
704-796-7460

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