Listed by United Real Estate
$16,500,000
Private Off-Market | 38-Unit | Raleigh-Durham | Value-Add
Details
Property Type Multifamily, Hospitality
Sub Type Apartment Building, Business and Building
Units 38
Cap Rate 6.00%
NOI $677,337
Occupancy 100%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Broker Co-Op Yes
Class A
Year Built 0
Year Renovated 2019,2022,2024,2020,2021,2023,2025,2026
Buildings 6
Stories 3
Acreage 7 - 40
Zoning Urban Residential/Mixed Use
Investment Type Core+
Tenant Credit Franchisee, No Credit Rating
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange
38-Unit Urban Hospitality Portfolio | Raleigh-Durham | Income + Expansion Opportunity
Marketing description
LOCAL POST | WEBSITE
Investment highlights
INVESTMENT HIGHLIGHTS
- 38 Total Rentable Units Across 6 Assets
- Prime Raleigh + Durham Urban Infill Locations
- Operating STR + Mid-Term Hospitality Platform
- Immediate Cash Flow with Established Operations
- Professionally Managed | Remote Ownership Capable
- Fully Furnished, Design-Forward Portfolio
- Diversified Revenue Streams Reduce Risk
- $677K+ Current NOI | $739K+ Pro Forma NOI
- 6.5% Cap Rate Framework
- $2.813M Estimated First-Year Tax Segregation Benefit
- Optional Add-On Land & Expansion Opportunity
- Scalable Platform with Operational Upside
- Strong Raleigh–Durham Growth Corridor Fundamentals
- Rare Opportunity to Acquire a Turnkey Hospitality Platform
Listing Contacts
Listed by United Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$677,337.00
$56,444.75/mo
Valuation Metrics
0
DSCR
4.11%
Cap Rate
4.11%
ROI
Map
Zoning
R-10-CU ResidentialMulti FamilyResidential 10 Conditional Zoning District
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View all 90 uses
View all 90 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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