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1500 Deep River Rd - Single-story 7 Unit Apartment building 7 Unit Apartment Building Offered at $699,000 at a 7.80% Cap Rate High Point, NC 27265
Investment Highlights
- Good Location
- 100% occupancy
- Single story with ample parking
Executive Summary
INVESTMENT OPPORTUNITY! Single-story 7-unit apartment building. Fully leased. Tenants pay their own utilities. Current rents range from $700-$800 per month. Gross rents are currently per month $5200 with opportunity to increase. Refrigators and free standing range/ovens are included. Washer and Dryer hookups in each unit. Gutter guards and brick exterior for reduced maintenance. Exterior wood trim was painted April 2026.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Oven
- Tub/Shower
- Carpet
- Vinyl Flooring
Site Amenities
- Individual Locking Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | $800.00 | 756 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0184786 | Improvements Assessment | $271,100 (2025) |
| Land Assessment | $36,400 (2025) | Total Assessment | $307,500 (2025) |
Property Taxes
Parcel Number
0184786
Land Assessment
$36,400 (2025)
Improvements Assessment
$271,100 (2025)
Total Assessment
$307,500 (2025)
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1500 Deep River Rd - Single-story 7 Unit Apartment building
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