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29224150
29224151

118 Warrenton Village Dr, Warrenton, NC 27589

CK
CA CA 3417384, GA GA 408600
Matthews
AG
GA 3421373
Matthews
Listed by Matthews
$1,665,000
143 days on market
Updated 81 days ago

Warrenton Village

Details
Property Type Multifamily
Sub Type Apartment Building
Units 18
Cap Rate 8.47%
NOI $140,959
Occupancy 100%
Price per SqFt $112
Year Built 1991
Buildings 7
Stories 1
Parking Spaces spaces

Premium finishes throughout, including durable luxury vinyl plank (LVP) hardwood-style flooring

Investment highlights

  • Premium finishes throughout, including durable luxury vinyl plank (LVP) hardwood-style flooring, sleek white shaker cabinetry, and Formica countertops in kitchens and bathrooms.

  • 20% of the units have Granite Countertops & Stainless-Steel Appliances

  • In-unit washer/dryer connections.

  • Oversized walk-in closets & bathrooms in the primary suite.

  • Black appliances (refrigerator, range, dishwasher, and microwave).

  • Central HVAC in All Units

  • Convenient access to US-158 and NC-43, connecting directly to I-85 within ~20–25 minutes, providing efficient commuter access to Henderson, Oxford, and the Research Triangle region.

  • Located within 30–40 minutes of major retail hubs in Henderson and Oxford, including Walmart Supercenter, Lowe’s, Food Lion, Aldi, and regional shopping centers, while benefiting from limited local retail competition in Warrenton.

  • Proximity to key regional employers, including Vance-Granville Community College, Duke Energy (Kerr Lake operations), regional healthcare facilities in Henderson, local manufacturing and logistics employers, and public-sector employment tied to Warren County.

  • Affordable housing market supported by a median household income of approximately $35,000–$38,000, driving demand for quality single-family rentals in the ~$1,000–$1,300/month range.

  • Stable, low-density market with limited new construction and low single-family rental vacancy, supported by rural workforce housing demand and renters priced out of larger metro areas.

  • Landlord-friendly North Carolina legal environment with no rent control, efficient eviction processes, and a pro-business regulatory framework supporting long-term rental investment.

Listing Contacts

CK
CA CA 3417384, GA GA 408600
Matthews
AG
GA 3421373
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,959.00
$11,746.58/mo

Valuation Metrics

0
DSCR
8.47%
Cap Rate
8.47%
ROI

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Additional Information

Name
Gerard Hamas
License
License # 362768 (NC)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave., Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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