202 S Main St - Apartments FOR SALE
Belmont, NC 28012 |
$6,000,000 USD
202 S Main St
Belmont, NC 28012
HIGHLIGHTS
- Seven (7) First-Floor Commercial Retail Spaces and Nine (9) Two-Story Residential Loft Units
- Annual Rent Bumps of 3% will Full PRS Reimbursement & WALT of 5.5 Years from Retail Leases
- Average Unit Size: 1,120 SF & Commercial: 552 SF
- Residential Unit Mix: (2) One Bed/One Bath & (7) Two Bed/1.5 Bath Units
- Current Avg Rent: $2,388 | Market Stabilized Rent: $2,436 (Retail + Residential Rent)
- Current Year-1 Tax-Adjusted Cap Rate: 6.00% | Stabilized Cap Rate: 6.46%
FOR SALE DETAILS
PRICE
$6,000,000 USD
PRICE/SF
$438 USD /SF
# OF UNITS
16
PRICE/UNIT
$375,000
CAP RATE
6.41%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Imperial Lofts
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
2023
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
126708
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