926 Meadowood Drive, Lenoir, NC
Multi-family for Sale - $1,550,000 - 40,000 Sq. Ft. on 5.8 acres
Property Info
| CIMLS# | 927387 |
| Location 926 Meadowood Drive Lenoir NC 28645 | |
| Updated | May 16th, 2017 |
| Type | Multi-family |
| Price | $1,550,000 |
| Building | 40,000 Sq. Ft. |
| Land | 5.8 acres |
Property Description
Meadowood Apartments are located in a desirable area of well maintained single family homes. The property has been very well maintained, and is in great condition. Rents are below market rents providing rental upside. Residents enjoy quick and easy access to downtown Lenoir. Hickory and Blowing Rock are a short drive away via NC Highway 321. Rental Upside
Location Description:
Meadowood Apartments are located in a desirable area of well maintained single family homes. Residents enjoy quick and easy access to downtown Lenoir. Hickory and Blowing Rock are a short drive away via NC Highway 321.
Highlights:
>> Great Occupancy History
>> Rental Upside
>> Excellent Condition
>> Low Maintenance Brick Exteriors
>> Standing Seam Metal Roof
>> Recent Improvements
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Financials
Sales Info:
>> Cap rate: 10.01%
>> Commision split: 50.0%
>> NOI: $200181