299 Independence Rd - Apartments FOR SALE


Sparta, NC 28675
$1,500,000 USD
336-722-1986
299 Independence Rd, Sparta, NC for Sale
$1,500,000 USD
Apartments - FOR SALE
1/10
null | 7.5% Cap Rate

299 Independence Rd
Sparta, NC 28675


OVERVIEW

30-unit LIHTC apartment community (Maplewood) in three low-rise buildings; built 1979; individually metered; rent-restricted affordable; located in an Opportunity Zone. Pitched roofs, brick & siding exteriors, paved parking. BOV $1,500,000 ($50,000/unit) at 7.25% cap on $108,000 NOI.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$35 USD /SF

# OF UNITS

30

PRICE/UNIT

$50,000

CAP RATE

7.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maplewood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.32 AC

LAND SF

144,619 SF

ZONING

TOWN

APN/PARCEL ID

3071713886

ASK ABOUT THIS PROPERTY

Charlie Fulk, CCIMMeridian Realty Group, Inc.More Info
336-722-1986

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Charlie Fulk, CCIMMeridian Realty Group, Inc.More Info
336-722-1986

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