Tara Hill Apartments

Multi-Family for Sale
Catylist Listing ID: 30333476
Property Subtypes: Low-Rise/Garden
Number of Units: 23 Units
Building Size (RSF): 16,000 SF
Gross Building Area: See Agent
Gross Land Area: 16.64 Acres
Sale Price: $1,150,000
Unit Price: $50,000 Per Unit
Property Use Type: Investment
Building Name: Tara Hill Apartments
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 89
Last Updated: 11/16/2018

Overview / Comments

Exciting investment opportunity in the thriving city of New Bern, NC with value add potential. Approximately 14 acres of undeveloped land behind the current buildings. The Tara Hill Apartments has a total of 23 units. 9 of which are 1-bedroom while the rest are 2-bedroom. Updates made to numerous units and rent prices reflect that.

Additional Details

Nearest MSA: New Bern
County: Craven
Taxing Authority: Craven County
Tax ID/APN: 8-241-125
Zoning: COMM-MULTI-FAMILY
Percent Occupied: 100%
Property Located Between: Neuse Blvd & Glenburnie Rd
Highway Access: 2 miles US-70
Airports: 10 min
Total Number of Buildings: 4
Property Condition: Good
Number of Stories: 1
Year Built: 1984
Roof Type: Arched
Construction/Siding: Vinyl Siding
Parking Type: Structure
Parking Description: Ample parking available directly outside of each building
Laundry: In Each Unit
Sprinklers: None
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: Commercial - Multi-family (> 3units)
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,156 26,779 42,218
Median Age: 36.89 42.11 41.94
Households: 2,323 11,587 18,167
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