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154 Hill Everhart Rd
Lexington, NC 27295
Lexington Park Apartments · Multifamily Property For Sale
·
62 Units
PROPERTY FACTS
| No. Units | 62 | Lot Size | 14.71 AC |
| Property Type | Multifamily | Building Size | 55,478 SF |
| Property Subtype | Apartment | Average Occupancy | 95% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1982 |
| Zoning | RM2 | ||
| No. Units | 62 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 14.71 AC |
| Building Size | 55,478 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1982 |
| Zoning | RM2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Washer/Dryer
- Heating
- Refrigerator
- Range
- Patio
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
ABOUT 154 HILL EVERHART RD , LEXINGTON, NC 27295
Capstone Apartment Partners is pleased to offer the opportunity to acquire Lexington Park Apartments: a 62-unit garden apartment and townhome community located in Lexington, North Carolina. Lexington Park offers an extremely well-maintained asset that has benefited from significant capex and an in-place value-add program. As a testament to current ownership, the property is filled with an exceptional tenant base due to strict credit and background checks. Residents' careers include IT workers, school teachers, and nurses, which provides an excellent foundation of tenants for new ownership. With the majority of the heavy lifting complete and a value-add program in place, incoming investors can immediately focus on driving NOI growth on the renovated units and continuing the systematic unit renovations.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $525.00 | 607 |
| 2+1 | 22 | $600.00 | 881 |
| 2+2 | 28 | $700.00 | 1,020 - 1,034 |
PROPERTY TAXES
| Parcel Number | 11-326-0-000-0049-0-0-0 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,007,030 |
PROPERTY TAXES
