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Clyde Street Apartments 119 Clyde St

16 Unit Apartment Building $1,200,000 ($75,000/Unit) 6.18% Cap Rate Spindale, NC 28160

Apartment Buildings North Carolina Spindale 119 Clyde St, Spindale, NC 28160

Executive Summary

Investors Special!! Portfolio consist of 4 duplexes and 2 quadplexes. Duplexes are made of cinder block and are low maintenance. Duplexes are all two bed one bath apartments. Quadplexes each have (2) 2 bedroom 1 bath apartments and (2) 3 bedroom 1 bath apartments. Eleven of the 16 units have been remodeled with new flooring, paint, fixtures, countertops. Baseboard heat and window units. Tenants pay utilities. Lawn care paid by owner.

Attachments

Clyde Street Taxes
Clyde Street Taxes (2)
Clyde Street Rent Roll (1)

Data Room Click Here to Access

  • Operating and Financials

Property Facts

Price $1,200,000 Property Subtype Apartment
Price Per Unit $75,000 Building Class C
Sale Type Investment Lot Size 2.04 AC
Cap Rate 6.18% Building Size 12,284 SF
Sale Conditions Bulk/Portfolio Sale Average Occupancy 94%
No. Units 16 No. Stories 2
Property Type Multifamily Year Built/Renovated 1970/2023
Price $1,200,000
Price Per Unit $75,000
Sale Type Investment
Cap Rate 6.18%
Sale Conditions Bulk/Portfolio Sale
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 2.04 AC
Building Size 12,284 SF
Average Occupancy 94%
No. Stories 2
Year Built/Renovated 1970/2023

Amenities

  • Smoke Detector

Unit Amenities

  • Ceiling Fans
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zoning

Zoning Code R6
R6
(704) 473-9805

Contact

  • Adam Smith
    Adam Smith
  • Paramont

  • Listing ID: 33202405

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: 119 Clyde St, Spindale, NC 28160

More public record information on 119 Clyde St, Spindale, NC 28160

The Multifamily Property at 119 Clyde St, Spindale, NC 28160 is currently available for sale. Contact Paramont for more information.

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Clyde Street Apartments | 119 Clyde St
(704) 473-9805 x

Clyde Street Apartments | 119 Clyde St

Adam Smith

(704) 473-9805

(704) 473-9805

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