This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
300-399 Kristin Ln
Hudson, NC 28638
Forest Village Estates Apartments · Multifamily Property For Sale · 56 Units
PROPERTY FACTS
| No. Units | 56 | Lot Size | 7.81 AC |
| Property Type | Multifamily | Building Size | 45,592 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1990 |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.81 AC |
| Building Size | 45,592 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1990 |
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
- Patio
Site Amenities
- 24 Hour Access
- Pool
About 300-399 Kristin Ln , Hudson, NC 28638
GREAT ADD VALUE OPPORTUNITY - Situated on a 7.75 acre parcel and constructed in 1990, the property has been well-maintained by current Ownership with recent capital improvements including upgraded landscaping, pool deck and furniture. Unit interiors have also been well- maintained but have not been substantially renovated, presenting a major value add opportunity for the subsequent owner. Please download and sign NDA and send to laurentmeyer71@gmail.com to receive more information. 8.3% CAP rate listed is proforma. Current CAP is 6.5%. Hudson, NC is located only 15 minutes north of fast growing Hickory, NC. It is less than an hour from Asheville and Charlotte. It is on the path of progress. Rents are significant below market rate. A lot of room to increase rents as well as lots of value add on capex.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 560 |
| 2+2 | 36 | - | 980 |
| Studios | 12 | - | 480 |
PROPERTY TAXES
| Parcel Number | 03-55-1-11 | Improvements Assessment | $1,698,400 |
| Land Assessment | $111,700 | Total Assessment | $1,810,100 |
PROPERTY TAXES
zoning
| Zoning Code | R-85 |
| R-85 |
Learn More About Investing in Apartment Buildings
