Listed by Maverick Partners
$1,600,000
123 Park Ave / 1306 Flint Pl
Details
Property Type Multifamily
Sub Type Apartment Building, Student Housing
Square Footage 3,716
Units 3
NOI $92,000
Occupancy 100%
Class B
Year Built 1901
Buildings 2
Zoning R-10
Multifamily | 3 Units
Marketing description
This exceptional investment opportunity has a prime location near NCSU and Pullen Park, and promises strong rental demand with long-term value appreciation. This charming property includes 3 units in 2 buildings, perfectly suited for a Student Housing Portfolio investor. Zoned R-10, it presents potential for future redevelopment.
Prime student-housing area two blocks from NC State, adjacent to Pullen Park and walking distance to Downtown Raleigh — high-demand, walkable location that commands consistent leasing from undergrad and graduate populations.
Investment highlights
- Parcel includes 2 structures, set up as 3 units
- 123 Park Ave is 2,304 sf with 6 beds and 3.5 baths
- 1306 Flint Pl is 1,412 sf with 3 beds and 2 baths
- 100% occupancy with continuous rental history
- Laundry facilities in both buildings
Listing Contacts
Listed by Maverick Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$92,000.00
$7,666.67/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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