$1,650,000
Village Drive
Details
Property Type Multifamily
Sub Type Apartment Building
Units 12
Cap Rate 6.67%
NOI $110,119
Occupancy 75%
Pro-Forma Cap Rate 9.28%
Pro-Forma NOI $153,139
Broker Co-Op Yes
Class C
Year Built 1971
Year Renovated 2024
Buildings 5
Zoning R1
Parking Spaces 24 per unit
Investment Type Stabilized
Occupancy Date 03/15/2026
Ground Lease No
12-Unit Multifamily Investment Opportunity | Income Growth Potential | North Wilkesboro, NC
Investment highlights
• 12 Total Residential Units
• Four Duplex Buildings and One Quadplex
• Strong Rental Demand in Wilkes County
• Value-Add Opportunity for Investors
• Opportunity to Improve Income Through Stabilization
Detailed financials and additional investment information available upon request.
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$110,119.00
$9,176.58/mo
Valuation Metrics
0
DSCR
6.67%
Cap Rate
6.67%
ROI
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