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Ridge Creek Townhomes 1104 Brooksridge way 13 Unit Apartment Building $2,900,000 ($223,077/Unit) 7.90% Cap Rate Whitsett, NC 27377
Investment Highlights
- Reputable homeowners' association
- Modern amentities
Executive Summary
Welcome to the newly built Brook Ridge Way community in Whitsett! Completed in 2025 and currently in its lease-up phase, this 13-unit property is a prime investment offering a solid 6.5% cap rate. It features a mix of three-bedroom, three-bath units and two-bedroom, two-and-a-half-bath units, all designed with modern amenities and quality finishes. Plus, it's part of a homeowners association to ensure a well-maintained community environment.
Perfect for investors seeking a strong return, Brook Ridge Way is an excellent opportunity to add a high-quality asset to your portfolio. Reach out today for more details!
Perfect for investors seeking a strong return, Brook Ridge Way is an excellent opportunity to add a high-quality asset to your portfolio. Reach out today for more details!
Property Facts
| Price | $2,900,000 | Property Subtype | Apartment |
| Price Per Unit | $223,077 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.90% | Lot Size | 1.91 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 19,500 SF |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Zoning | RM-8 - Residential Multifamily | ||
| Price | $2,900,000 |
| Price Per Unit | $223,077 |
| Sale Type | Investment |
| Cap Rate | 7.90% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 1.91 AC |
| Building Size | 19,500 SF |
| No. Stories | 2 |
| Year Built | 2025 |
| Zoning | RM-8 - Residential Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Oven
- Freezer
- Smoke Free
Site Amenities
- 24 Hour Access
- Pool
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 10 | $2,100 | - |
| 3+3 | 3 | $2,200 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,200 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,200
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Ridge Creek Townhomes | 1104 Brooksridge way
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