The Oaks Apartments | 100-109 Allen Ct
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The Oaks Apartments 100-109 Allen Ct
41 Unit Apartment Building $3,500,000 ($85,366/Unit) 5.61% Cap Rate Four Oaks, NC 27524
Executive Summary
The Oaks is a 41-unit Affordable Housing Apartment building located in Four Oaks, NC. Situated in a promising market, this asset offers numerous advantages. It is conveniently positioned seven minutes from the Smithfield mall and only 45 minutes from both Fort Bragg and downtown Raleigh.
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Property Facts Under Contract
| Price | $3,500,000 | Building Class | C |
| Price Per Unit | $85,366 | Lot Size | 4.37 AC |
| Sale Type | Investment | Building Size | 42,150 SF |
| Cap Rate | 5.61% | Average Occupancy | 95% |
| No. Units | 41 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1983 |
| Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
| Apartment Style | Garden | Cross Streets | Temple Rd |
| Price | $3,500,000 |
| Price Per Unit | $85,366 |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.37 AC |
| Building Size | 42,150 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 1.59/1,000 SF |
| Cross Streets | Temple Rd |
Unit Amenities
- Cable Ready
- Washer/Dryer Hookup
- Refrigerator
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 600 |
| 2+1 | 32 | - | 750 |
| 3+2 | 4 | - | 850 |
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PROPERTY TAXES
| Parcel Number | 08015004E | Improvements Assessment | $1,614,899 |
| Land Assessment | $428,300 | Total Assessment | $2,043,199 |
PROPERTY TAXES
Parcel Number
08015004E
Land Assessment
$428,300
Improvements Assessment
$1,614,899
Total Assessment
$2,043,199
zoning
| Zoning Code | RES |
| RES |
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The Oaks Apartments | 100-109 Allen Ct
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