4404 Us-74 Hwy E | Wingate, NC 28174
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4404 Us-74 Hwy E
Wingate, NC 28174
Wingate East · Multifamily Property For Sale · 24 Units
Investment Highlights
- US-74 Is one of the areas most highly trafficked roadways and a corridor of continuous growth that connects Charlotte to Wilmington
- The Property is located about six miles from Downtown Monroe, has increased business activity and is a Hub for Retail Offices & Government offices
- • Landlord is paying the water/sewer bill for the property, so there remains an opportunity for incoming ownership to get reimbursement from Tenents.
- New US 74-Expressway has significantly reduced commute times into Charlotte
- Current ownership has renovated 11 out of 24 units with upgrades to flooring, finishes, and appliances.
- Wingate University is one of the fastest growing universities, the university contributes an annual economic impact of $168 million to Union City
PROPERTY FACTS
| No. Units | 24 | Lot Size | 2.66 AC |
| Property Type | Multifamily | Building Size | 16,224 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1986 |
| Building Class | C | Parking Ratio | 1.69/1,000 SF |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.66 AC |
| Building Size | 16,224 SF |
| No. Stories | 1 |
| Year Built | 1986 |
| Parking Ratio | 1.69/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 902 |
| 1+1 | 16 | - | 550 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $800,400 | |
| Land Assessment | $557,500 | Total Assessment | $1,357,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$557,500
Improvements Assessment
$800,400
Total Assessment
$1,357,900
zoning
| Zoning Code | AW3 |
| AW3 |
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