1307 County Home Rd - Apartments FOR SALE


Conover, NC 28613
$3,850,000 USD
360-685-4206
1307 County Home Rd, Conover, NC for Sale
$3,850,000 USD
Apartments - FOR SALE
1/7
null | 6.59% Cap Rate

1307 County Home Rd
Conover, NC 28613


OVERVIEW

Welcome to your next investment opportunity: a meticulously renovated 30-unit apartment complex that stands as a testament to modern comfort and convenience. Nestled in a thriving neighborhood, this property offers a harmonious blend of classic charm and contemporary upgrades, promising tenants a haven they'll be proud to call home. With a focus on sustainability and energy efficiency, this complex boasts eco-friendly amenities such as energy-efficient windows and LED lighting in some units that ensures lower utility cost for tenants and owners. This property has an onsite laundry room and office with new washers/dryers replaced in 2024. The office is not currently used fulltime. Thanks to meticulous management and strategic leasing efforts, this property is fully stabilized, offering investors a turnkey opportunity with a steady stream of income. With a proven track record of tenant satisfaction and strong rental demand in the area, this complex presents an attractive investment proposition with ample potential for long-term growth. Don't miss out on the chance to own a piece of prime real estate in a thriving market. Schedule a viewing today and experience the unparalleled opportunity that awaits with this renovated 30-unit apartment complex.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

30

PRICE/UNIT

$128,333

CAP RATE

6.59%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.63 AC

LAND SF

114,391 SF

ZONING

R-9A

APN/PARCEL ID

3732129762920000

ASK ABOUT THIS PROPERTY

Edwin BylereXp CommercialMore Info
360-685-4206

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360-685-4206

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