Highland Forest Phase 4: 30 Units

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30746978
Property Subtypes: Duplex/Fourplex
Status: Pending
Building Status: Under Construction
Number of Units: 30 Units
Building Size (RSF): 62,280 SF
Gross Building Area: See Agent
Sale Price: $5,100,000
Unit Price: $170,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/10/2021

Overview / Comments

Highland Forest Phase 4: 30 duplex units available for sale. These units are currently under construction and are expected to be fully completed spring of 2022. There is currently a rental waiting list for when these units are complete. Each unit will be 1,039 heated square feet. This is a unique opportunity to enter one of the fastest growing markets in the United States. The site is located in direct proximity to many retailers, food and entertainment including but not limited to: Chic-Fil-A, Walmart, Home Depot, Belk, Marshalls, Food Lion. Excellent ingress/egress from Hwy 17 S. and just a short drive from many area beaches and Myrtle Beach

See adjacent land listed:
Phase 1, 2, 3: 58 Units available for sale MLS #30745632
Phase 5: 23.62 acre development tract MLS #30747003

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: Shallotte
Tax ID/APN: 182IE00102
Zoning: MF-14
Highway Access: Us HWY 17 S
Site Description: Site is located off of Hwy 17 S via Frontage Rd.
Area Description: Located in Shallotte, NC in the rapidly growing Brunswick County, NC
Property Condition: Excellent
Year Built: 2021
Parking Type: Surface
Zoning Description: MF-14 Shallotte
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,287 14,044
Median Age: 45.73 43.83
Households: 1,820 5,919
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