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104 Brickyard Ln 9 Unit Apartment Building $2,550,000 ($283,333/Unit) 4.51% Cap Rate Lillington, NC 27546
Investment Highlights
- Historically strong occupancy; currently 100% leased with professional management
- Value-add investment
- Abundant on-site parking whereby each occupant gets their own parking space
Executive Summary
Nine (9) townhome-style units — each ±1,450 SF, 3 bedrooms/ 3 full bathrooms.
Built in 2017 with washer/dryer hookups, granite countertops, LVP flooring, and open layouts
Value-add investment with upside due to rents currently being below market $300-$400/unit/month
Individually metered and deeded units enable flexible financing and exit strategies
Historically strong occupancy; with professional management
Abundant on-site parking whereby each occupant gets their own parking space
1.2 acre entitled development site, included for nine (9) additional townhomes
Built in 2017 with washer/dryer hookups, granite countertops, LVP flooring, and open layouts
Value-add investment with upside due to rents currently being below market $300-$400/unit/month
Individually metered and deeded units enable flexible financing and exit strategies
Historically strong occupancy; with professional management
Abundant on-site parking whereby each occupant gets their own parking space
1.2 acre entitled development site, included for nine (9) additional townhomes
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,550,000 | Building Class | B |
| Price Per Unit | $283,333 | Lot Size | 1.37 AC |
| Sale Type | Investment | Building Size | 14,327 SF |
| Cap Rate | 4.51% | Average Occupancy | 88% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2017/2022 |
| Property Subtype | Apartment | Parking Ratio | 3.67/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | RA-30 - Residential/Agricultural | ||
| Price | $2,550,000 |
| Price Per Unit | $283,333 |
| Sale Type | Investment |
| Cap Rate | 4.51% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.37 AC |
| Building Size | 14,327 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built/Renovated | 2017/2022 |
| Parking Ratio | 3.67/1,000 SF |
| Zoning | RA-30 - Residential/Agricultural |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Eat-in Kitchen
- Granite Countertops
- Oven
- Range
- Tub/Shower
- Carpet
- Island Kitchen
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 9 | - | 1,475 |
Property Taxes
| Parcel Number | 110670 0324 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1 |
Property Taxes
Parcel Number
110670 0324
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1
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104 Brickyard Ln
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