Belmont Apartment Portfolio
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Belmont Apartment Portfolio
2 Multifamily Properties Offered at $3,580,000 in Belmont, NC
Investment Highlights
- Desirable Belmont NC Location
- Strong Rent Roll and Occupancy
- Professionally Managed
Executive Summary
Portfolio sale includes BOTH properties. 301 Eagle Rd. Belmont NC 28012 is a 9 unit property built in 1968. All units are 2BR/1.5BA with an average rent of $1176/mon/unit. 409 Hawley Ave. Belmont NC 28012 is a 15 unit property built in 1972. 14 units are 2BR/1.5BA and 1 2BR/1BA unit. Average rents are $1042/mon/unit. See brochure for complete details and information.
Taxes & Operating Expenses (Pro forma - 2024) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $3,580,000 | Number of Properties | 2 |
| Price / SF | $164.52 / SF | Individually For Sale | 0 |
| Cap Rate | 5.20% | Total Building Size | 21,760 SF |
| Sale Type | Investment | Total Land Area | 1.41 AC |
| Status | Under Contract |
| Price | $3,580,000 |
| Price / SF | $164.52 / SF |
| Cap Rate | 5.20% |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 21,760 SF |
| Total Land Area | 1.41 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Forest Glenn Townhomes
409 Hawley Ave, Belmont, NC 28012 |
Multifamily | 13,056 SF | 1972 | - |
|
PineHurst Townhomes
301 Eagle Rd, Belmont, NC 28012 |
Multifamily | 8,704 SF | 1968 | - |
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Belmont Apartment Portfolio
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