Home Place Apartments

Multi-Family for Sale
Catylist Listing ID: 30169911
Property Subtypes: Low-Rise/Garden, Other
Number of Units: 24 Units
Building Size (RSF): 35,964 SF
Gross Building Area: See Agent
Sale Price: $1,250,000
Unit Price: $52,083.33 Per Unit
Property Use Type: Investment
Building Name: Home Place Apartments
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Average Occupancy Rate: 75
Last Updated: 3/14/2018

Overview / Comments

We are pleased to offer this 24-unit apartment complex located close to White Lake. There are 12, 1BR/1BA units and 12, 2BR/2BA units. This is a 3-story complex with in-unit laundry and are sprinklered. Additional land is available for another building. Also has garage and storage spaces available for the tenants to rent. Please contact agent for more information.

Additional Details

Nearest MSA: Lumberton
County: Bladen
Taxing Authority: Bladen County
Tax ID/APN: 12098
Zoning: RA
Percent Occupied: 75%
Highway Access: NC HWY 41
Property Condition: Good
Number of Stories: 3
Year Built: 2007
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Well maintained parking surface.
Total Parking Spaces: 70
Laundry: In Each Unit
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Heat Pump
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: DSL
Zoning Description: RA
Lot Frontage: 320
Lot Depth: 350
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 751 2,967
Median Age: 40.04 42.47
Households: 255 1,202
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