The Ranch Apartments

Multi-Family for Sale
Catylist Listing ID: 30480674
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 14 Units
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Gross Land Area: 2.40 Acres
Sale Price: $462,000
Unit Price: $33,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Williamston Apartments
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 3/20/2020

Overview / Comments

Excellent opportunity to acquire stable multifamily housing!

Property enjoys great visibility from US HWY 17. This property would make an excellent value-add project. 100% occupancy will allow for a wide variety of lending options. Contact broker for more information.

Additional Details

Nearest MSA: Greenville
County: Martin
Taxing Authority: Martin County
Tax ID/APN: 0502885, 0504725
Zoning: NA (NO ZONING)
Percent Occupied: 100%
Property Located Between: South of Williamston, NC
Highway Access: US HWY 17
Airports: KMCZ - Martin County Airport
Total Number of Buildings: 3
Property Condition: Good
Number of Stories: 1
Year Built: 1954
Roof Type: Arched
Exterior Description: Brick, Block, and Vinyl Siding
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Other
Fuel: Electric
Air Conditioning: Window Unit
Lot Frontage: 385
Lot Depth: 425
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,427 11,938
Median Age: 43.79 43.68
Households: 2,358 5,091


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