APTO Properties- 52 Unit Residential Rental Portfolio

Undisclosed Address, Wilmington, NC 28401
Multi-Family for Sale
Catylist Listing ID: 30717233
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 52 Units
Building Size (RSF): 51,303 SF
Gross Building Area: See Agent
Gross Land Area: 266,750 - 266,959 SF
Sale Price: $8,500,000
Unit Price: $163,461.54 Per Unit
Property Use Type: Investment
Building Name: Housing Portfolio
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/2/2021

Overview / Comments

Residential rental property portfolio located in Wilmington, North Carolina. The portfolio consists of 48 properties and a total of 52 rental units. The units consist of single family homes and duplexes. Property units range in size of one bedroom units to three bedroom units. Annual rental income estimated in excess of $680,000. Owner has established a solid tenant base and efficient property management model. Properties are located through out the City of Wilmington and are close to schools, shopping, transportation, medical service and much more. Portfolio has room to grow the rent base along with benefiting from a growing residential market demand.

Additional Details

Taxing Authority: City of Wilmington and New Hanover County
Tax ID/APN: See Attached location listing
Zoning: MULTIPLE ZONING
Property Located Between: Multi
Site Description: Residential to Mixed US
Area Description: City of Wilmington, mainly residential
Total Number of Buildings: 48
Property Condition: Good
Exterior Description: Mixed range of siding and brick materials
Parking Type: Other
Parking Description: various parking configuations
Heat Type: Other
Heat Source: Other
Interior Description: Residential floor plants
Zoning Description: Mix of R-3, R-5, UMX and O&I
Water Service: Municipal
Sewer Type: Municipal
Legal Description: See listing documents

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