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Ridge Creek Townhomes 1104 Brooksridge way 13 Unit Apartment Building $2,900,000 ($223,077/Unit) 6.40% Cap Rate Whitsett, NC 27377
Investment Highlights
- Reputable homeowners' association
- Modern amentities
Executive Summary
Welcome to Brook Ridge Way in Whitsett, NC, a newly constructed 13-unit townhome community completed in 2025 and currently in lease-up. This investment opportunity offers a projected 6.4% cap rate and features a well-balanced unit mix of three-bedroom, three-bath and two-bedroom, two-and-a-half-bath residences.
Each unit is designed with modern finishes and amenities to attract and retain quality tenants. The property is governed by a homeowners association, helping maintain the overall condition and long-term value of the community.
Brook Ridge Way presents a strong opportunity for investors looking to acquire a newly built, income-producing asset with upside during lease stabilization.
Reach out for additional details, rent roll, and financials.
Each unit is designed with modern finishes and amenities to attract and retain quality tenants. The property is governed by a homeowners association, helping maintain the overall condition and long-term value of the community.
Brook Ridge Way presents a strong opportunity for investors looking to acquire a newly built, income-producing asset with upside during lease stabilization.
Reach out for additional details, rent roll, and financials.
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 | 6.40% | 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 | 6.40% |
| 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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