Listed by Maverick Partners
$1,100,000
101 Horne Street
Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 3,000
Units 1
Beds 5
Cap Rate 5.91%
NOI $65,002
Occupancy 100%
Price per SqFt $367
Stories 2
Multifamily | 5.91% CAP | 1 Unit
Marketing description
Uncover an exceptional investment opportunity with the property at 101 Horne Street. This historic 3,000 SF building, situated in the NC State University area, boasts a long history of 100% occupancy, making it an ideal addition to any multifamily or student housing rental portfolio. Don't miss the chance to add this high-performing asset to your investment portfolio.
Situated in an area rich with university life, the location offers a unique opportunity for student housing investors. Just a stone's throw away from renowned educational institutions such as North Carolina State University and Meredith College, the area is bustling with academic energy and student-friendly amenities. Hillsborough St and the Village District nearby offer lively entertainment and dining options, along with easy access to public transportation, the property is an ideal choice for investors seeking prime student housing real estate in a dynamic and education-focused community.
Investment highlights
- 5 bedroom, 3.5 bath home
- Continuous rental history
- One block from Hillsborough St and NCSU campus
- On-site parking for tenants
Listing Contacts
Listed by Maverick Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$65,002.00
$5,416.83/mo
Valuation Metrics
0
DSCR
5.91%
Cap Rate
5.91%
ROI
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