3346 Clay Apartments Ct - Multi-Family FOR SALE


Lenoir, NC 28645
$1,799,000 USD
704-892-5518
3346 Clay Apartments Ct, Lenoir, NC for Sale
$1,799,000 USD
Multi-Family - FOR SALE
1/43
null | Request Cap Rate

3346 Clay Apartments Ct
Lenoir, NC 28645


HIGHLIGHTS

  • Low Vacancy Rate - High Demand
  • extensive rehabs over last 8 years
  • Centrally Located

OVERVIEW

Prime Investment Opportunity with room to increase rents. Amazing opportunity in Lenoir for a 16 unit community. 8 duplex homes with 2 bedrooms, 1 bathroom on a private road. All units are on City Water & City Sewer. The properties feature newer vinyl siding, newer roofs, newer furnaces & air handlers/mini-splits. Electrical & plumbing has been updated where needed. All units are occupied and have fantastic cash flow with room to increase rents. Units convey with stoves & refrigerators. Tenants cover all utilities - owner pays for lawn mowing 2x's/month. Fantastic location - 10 minutes to Lenoir, 25 minutes to Hickory & 20 minutes to Morganton. Close to schools, shopping & dining.

FOR SALE DETAILS

PRICE

$1,799,000 USD

PRICE/SF

$131 USD /SF

# OF UNITS

16

PRICE/UNIT

$112,438

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clay Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

06244-3-13

ASK ABOUT THIS PROPERTY

Jennifer MechKeller Williams RealtyMore Info
704-892-5518

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Jennifer MechKeller Williams RealtyMore Info
704-892-5518

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