50,54,64,68 Brookside Dr Hendersonville, NC | 50 Brookside Dr
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50,54,64,68 Brookside Dr Hendersonville, NC 50 Brookside Dr
4 Unit Apartment Building $998,900 ($249,725/Unit) 6.38% Cap Rate Hendersonville, NC 28792
Investment Highlights
- Convenience to schools and hospital/medical facilities
- Spacious size, low maintenance exterior of brick
Executive Summary
2 large duplex buildings with each unit about 1,600 sq ft. Each unit offers 2 BR PLUS OFFICE with storage closet, 2 full baths, large eat in kitchen, 1 car attached garage, brick exterior. Various updates in each one. 2 newer HVAC units, 1 acre lot . Kitchen appliances included. Well water (shared well), 4 septic systems.. Near 3 schools and Advent Health hospital. Very few vacancy days.
Current yearly rent at $81,000. 2 units are underpriced due to lang term tenants.
NOI expenses include Lawn, Landscape, Management, Garbage, Tax 4,680, Insurance around 3,000
Current yearly rent at $81,000. 2 units are underpriced due to lang term tenants.
NOI expenses include Lawn, Landscape, Management, Garbage, Tax 4,680, Insurance around 3,000
Data Room Click Here to Access
- Market Information
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $998,900 | Property Type | Multifamily |
| Price Per Unit | $249,725 | Property Subtype | Apartment |
| Sale Type | Investment | Lot Size | 1.08 AC |
| Cap Rate | 6.38% | Building Size | 6,400 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.3 | No. Stories | 1 |
| No. Units | 4 | Year Built | 1988 |
| Price | $998,900 |
| Price Per Unit | $249,725 |
| Sale Type | Investment |
| Cap Rate | 6.38% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 12.3 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 1.08 AC |
| Building Size | 6,400 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1988 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Range
- Carpet
- Island Kitchen
- Lawn
- Office
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1,725 | 1,600 |
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zoning
| Zoning Code | R2 (Residential allows single family and multifamily) |
| R2 (Residential allows single family and multifamily) |
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50,54,64,68 Brookside Dr Hendersonville, NC | 50 Brookside Dr
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