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801 Ducks Lndg

40 Unit Apartment Building $14,000,000 ($350,000/Unit) 5.80% Cap Rate Aberdeen, NC 28315

Investment Highlights

  • 40 Townhome Units
  • Mix of Long-Term & Short-Term Rentals
  • 5.8% Proforma Cap Rate

Executive Summary

EXCEPTIONAL INVESTMENT OPPORTUNITY featuring 40 newly constructed, two-story townhome units located at 801-887 Ducks Landing in Aberdeen, within the sought-after Ducks Landing Townhome complex, which line the fairway of the 5th hole of The Southern Pines Golf Club, an original Donald Ross Course. This offering has a mix of long-term and short-term rental opportunities, presenting a flexible investment option for a buyer seeking to maximize potential returns.
These 3-bedroom, 2.5-bathroom townhomes feature open-concept living areas, premium kitchens with stainless steel appliances and granite countertops, and master suites with walk-in closets. A laundry room with hookups near the bedrooms adds practicality, while attached 2-car garages provide added convenience. The community’s proximity to US-1/N Sandhills Blvd and Southern Pines Golf Club further enhances its appeal to discerning renters.
Located just minutes from Downtown Aberdeen and Downtown Southern Pines, these units provide unparalleled access to dining, shopping, and recreation. Additionally, the property is a short drive from Pinehurst, the renowned Home of American Golf, further enhancing its appeal to renters and investors alike in this high-demand area.
Buyers have the opportunity to acquire all 40 units in the Ducks Landing Townhome complex. This flexibility makes it an exceptional investment opportunity in a high-demand market. Seize the opportunity to invest in Ducks Landing and unlock the potential for exceptional growth and income!
This offering includes 40 total units, with 12 owned by one entity and 28 owned by another. Both entities are coordinating to sell their units together, presenting a unique opportunity to acquire the entire property in a single transaction. 5.8% Proforma Cap Rate

Property Facts

Price $14,000,000
Price Per Unit $350,000
Sale Type Investment
Cap Rate 5.80%
Sale Conditions Bulk/Portfolio Sale
No. Units 40
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 1.24 AC
Building Size 67,640 SF
Average Occupancy 100%
No. Stories 2
Year Built 2023

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Walk-In Closets
  • Carpet
  • Deck
  • Island Kitchen

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 40 $2,550 1,691

zoning

Zoning Code RM-6
RM-6
  • Listing ID: 34411640

  • Date on Market: 1/8/2025

  • Last Updated:

  • Address: 801 Ducks Lndg, Aberdeen, NC 28315

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