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809 Barker Ten Mile Rd

6 Unit Apartment Building $688,750 ($114,792/Unit) 7.45% Cap Rate Lumberton, NC 28358

Apartment Buildings North Carolina Lumberton 809 Barker Ten Mile Rd, Lumberton, NC 28358

Executive Summary

Six unit apartment complex. Consisting of a quadplex and duplex. Four 2 bedroom 1.5 bath townhomes and Two 3 bedroom 1.5 bath townhomes. Occupancy is 100%. Great rental history. Easy access to I-95, restaurants and shopping. Currently renting at below market rates.

Property Facts Under Contract

Price $688,750 Building Class C
Price Per Unit $114,792 Lot Size 1.24 AC
Sale Type Investment Building Size 5,472 SF
Cap Rate 7.45% Average Occupancy 100%
No. Units 6 No. Stories 2
Property Type Multifamily Year Built/Renovated 1980/2018
Property Subtype Apartment
Price $688,750
Price Per Unit $114,792
Sale Type Investment
Cap Rate 7.45%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 1.24 AC
Building Size 5,472 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1980/2018

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1.5 4 - -
3+1.5 2 - -
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PROPERTY TAXES

Parcel Number 0816-01-00501 Improvements Assessment $187,200
Land Assessment $20,100 Total Assessment $207,300

PROPERTY TAXES

Parcel Number
0816-01-00501
Land Assessment
$20,100
Improvements Assessment
$187,200
Total Assessment
$207,300

zoning

Zoning Code R (Residential)
R (Residential)
(910) 734-0650

Contact

  • Listing ID: 33771809

  • Date on Market: 11/6/2024

  • Last Updated:

  • Address: 809 Barker Ten Mile Rd, Lumberton, NC 28358

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809 Barker Ten Mile Rd
(910) 734-0650 x

809 Barker Ten Mile Rd

Steve Costa

(910) 734-0650

(910) 734-0650

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