312 Stokes St - Apartments FOR SALE


Burlington, NC 27215
$849,900 USD
336-516-5000
312 Stokes St, Burlington, NC for Sale
$849,900 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

312 Stokes St
Burlington, NC 27215


OVERVIEW

Incredible investment opportunity! 3840 square foot 5-unit building, fully rented with all tenants living there for two years or more. All units are 2- bedroom units, 1- Bath each with their own parking space and plenty off street parking. Projected rental income of $85,800 for 2025. Each unit has it’s on water and power meter. NEW VINYL AND REPLACEMENT WINDOWS INSTALL LAST MONTH, ALL DISHWASHER REPLACED WITHIN THE LAST TWO MONTHS, ROOF REPLACED WITHIN THE LAST 2 YEARS. CENTRAL AIR/HEAT,LVP and WASHER/DRYER HOOK UPS IN ALL UNITS. All tenants are currently on a lease and all wish to remain in place. DO NOT VISIT THE PROPERTY WITHOUT AN APPOINTMENT. No Realtor sign in yard. PLEASE PROVIDE PRE-APPROVAL (NOT PRE-QUAL. LETTER IF OBTAINING A LOAN) OR PROFF OF FUNDS BEFORE REQUESTING TO SHOW PROPERTY)

FOR SALE DETAILS

PRICE

$849,900 USD

PRICE/SF

$221 USD /SF

# OF UNITS

5

PRICE/UNIT

$169,980

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,333 SF

ZONING

MF A

APN/PARCEL ID

133456

ASK ABOUT THIS PROPERTY

Dean WardElevation RealtyMore Info
336-516-5000

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Dean WardElevation RealtyMore Info
336-516-5000

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