30 Lot Subdivision

Multi-Family for Sale
Catylist Listing ID: 30741607
Property Subtypes: Duplex/Fourplex
Building Status: Under Construction
Number of Units: 39 Units
Building Size (RSF): 1,300 SF
Gross Building Area: See Agent
Gross Land Area: 9.90 Acres
Sale Price: $398,500
Unit Price: $10,217.95 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/5/2022

Overview / Comments

APPROVED 39 LOT SUBDIVISION, WHICH INCLUDES A DUPLEX WITH GARAGE FOR EACH UNIT. This project was approved several years ago, but was bought from the bank by the current owners, who have decided not to develop at this time. The road is rough graded in and utilities have been stubbed in on site for eventual hook up to municipal sewer and water. The subdivision is convenient to shopping, restaurants, schools, and only 45 mins from the Outer Banks. A unique opportunity to develop affordable housing for young people, retired, and the workforce.

Additional Details

Nearest MSA: Kill Devil Hills
County: Tyrrell
Tax ID/APN: C075 38 001
Zoning: NONE
Property Located Between: Outer Banks & Greenville
Highway Access: Off Hwy 64
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 1
Year Built: 2018
Roof Type: Arched
Construction/Siding: Vinyl Siding
Heat Type: Electricity
Heat Source: Central
Zoning Description: none
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 893 893
Median Age: 44.68 44.68
Households: 368 368
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