7 Unit Multi Family Investment

Multi-Family for Sale
Catylist Listing ID: 30435606
Number of Units: 7 Units
Building Size (RSF): 6,085 SF
Gross Building Area: 6,276 SF
Gross Land Area: 1,842 SF
Sale Price: $465,000
Unit Price: $66,428.57 Per Unit
Property Use Type: Investment
Usable Size (USF): 6,276 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 8/5/2019

Overview / Comments

Quadruplex is located in the beautiful area of Haw River. There is a beautiful park across the street. Lots of shops, dinning and sightseeing. The Triplex is just a short drive away in Burlington. Burlington home to the Honda Plant and many other industries that create a great work force. Great Investment Property.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $1,647 (Annual)
Tax Value Improvements $28,579
Gross Operating Income $41,624 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Burlington
County: Alamance
Taxing Authority: ALAMANCE COUNTY
Tax ID/APN: 152552/138540
Zoning: 401/030
Percent Occupied: 100%
Highway Access: US 70
Airports: PTI/RDU
Total Number of Buildings: 2
Property Condition: Good
Year Built: 1986
Year Renovated: 2018
Roof Type: Other
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Brick and Vinyl Siding
Parking Type: Surface
Total Parking Spaces: 20
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Fuel: Electric
Air Conditioning: Engineered System
Internet Access: Cable, DSL, Satellite
Interior Description: 3 of the 4 units in the quadruplex are remodeled with new floors, lights, ceiling fans and 2 of the 3 in the tripex.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Tract 21204 lot 1 Census 3 Deed Book 03705 Page 0880/ Northwoods Section 3 Lot 72 Deed Book 03705 Page 0863

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,145 16,706 63,856
Median Age: 33.5 39.38 37.57
Households: 430 6,800 25,130
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