202 Laurel Ave - Apartments FOR SALE


Wadesboro, NC 28170
$1,342,500 USD
910-512-2205
202 Laurel Ave, Wadesboro, NC for Sale
$1,342,500 USD
Apartments - FOR SALE
1/85
null | Request Cap Rate

202 Laurel Ave
Wadesboro, NC 28170


OVERVIEW

Twenty-four(24) unit income restrictive multifamily property located in Wadesboro. In addition to the 24 units that site on 4.28 acres, there are two additional 10.23 acres of vacant land that is included with the sale, There are rent restrictions on 10 units at 50% of Anson County MFI and 14 units at 60% MFI. There are not deed restrictions to the vacant land. The deed restriction on the income does expire in the next few years. Possible financing arrangement available through NCHFA. Great investment opportunity with expansion options.

FOR SALE DETAILS

PRICE

$1,342,500 USD

PRICE/SF

$82 USD /SF

# OF UNITS

24

PRICE/UNIT

$55,938

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Laurel Commons Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

PARKING SPACES

60

LAND DETAILS

LAND ACRES

14.51 AC

LAND SF

632,056 SF

ZONING

R-20

APN/PARCEL ID

6473-08-88-5262-00

ASK ABOUT THIS PROPERTY

Jeff HovisIntracoastal Realty CorporationMore Info
910-512-2205

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Jeff HovisIntracoastal Realty CorporationMore Info
910-512-2205

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