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RWL Properties
1003 Civic Court, Lenoir, NC 28645
$1,499,000
67
32,085 SF
$22,373.13
Multifamily
Garden/Low-Rise
Investment
7.40%
91%
-
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Last Verified 1/12/2012
Listing ID 14851926
Description
The property consists of a portfolio of buildings, most of which are located in the same vicinity, and one of which is in a separate location. With all being completely furnished units, the property is in a unique position to take advantage of the growth drivers in the Area. The numbers included in this package have been constructed on a proforma basis due to the fact that during 2004-2005 the owner vacated the property and performed major rennovations. Property is currently stabilized with 60 out of 66 rentable units occupied. 1 unit serves as leasing officeThe properties are now stable and in great condition for the investor wanting a low maintenance property.There is also an extra lot associated with the sale that will support 12 more units.
Lenoir, NC is located at the base of the BLue Ridge Mountains. 1 hr. & 20 minutes from Charlotte, NC
Proforma
2007
$336,336
$204,000
$101,760
| Description | No. Units | Avg. Mo. Rent | Sq. Ft. |
|---|
| 1 bed 1 bath | 66 | $425 | 465 |
| 1 bed 1 bath (office) | 1 | 465 | 465 |
Map of 1003 Civic Court, Lenoir, NC 28645
Created 10/23/2006
Additional Information for 1003 Civic Court Nw, Lenoir, NC 28645
View the Property Record for this address to access additional information such as historical listings, property details, tax details, owners, mortgages, tenants, and more.
Asking Price Index Trends for Lenoir, NC Multifamily For Sale
| |
Jan 12 |
vs. 3 mo.
prior |
Y-O-Y |
- State | $44,932 | +0.3% | +0.4% |
View Lenoir Market Trends for other property types for sale or lease. Learn more about the chart info.
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO