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Yadkin Trail Affordable Housing 158 Yadkin Trl 48 Unit Apartment Building $5,995,000 ($124,896/Unit) Raeford, NC 28376
Investment Highlights
- PRICE REDUCED ON 48-UNIT AFFORDABLE HOUSING just outside Fayetteville, North Carolina
- GUARANTEED INCOME WITH SIGNIFICANT UPSIDE based on lack of available Affordable Housing options and rising rental rates
- Raeford is the hub of Hoke County with lots of revitalization currently in progress for the downtown and surrounding areas
- 2025 RENT INCREASE ALREADY APPROVED with opportunity to renegotiate rents every year (HAP Contract in place until January 2034)
- Adjacent to Hoke County High School which has a $78M expansion plan and brand new construction project already under way
Executive Summary
PRICE REDUCED ON 48-UNIT AFFORDABLE HOUSING just outside Fayetteville, North Carolina!
Property Facts Under Contract
| Price | $5,995,000 | Building Class | C |
| Price Per Unit | $124,896 | Lot Size | 14.86 AC |
| Sale Type | Investment | Building Size | 48,000 SF |
| No. Units | 48 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1983 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | $5,995,000 |
| Price Per Unit | $124,896 |
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 14.86 AC |
| Building Size | 48,000 SF |
| No. Stories | 1 |
| Year Built | 1983 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 48 | - | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 694340901136 | Improvements Assessment | $2,406,040 |
| Land Assessment | $445,800 | Total Assessment | $2,851,840 |
Property Taxes
Parcel Number
694340901136
Land Assessment
$445,800
Improvements Assessment
$2,406,040
Total Assessment
$2,851,840
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Yadkin Trail Affordable Housing | 158 Yadkin Trl
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