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1966 Lakeview Rd 4 Unit Apartment Building Offered at $400,000 at a 8% Cap Rate Asheboro, NC 27203
Investment Highlights
- 3 of the 4 units are already renovated
- Tenants are quiet.
- Big Parking lot
Executive Summary
Clean 4-plex
4 apartments
750 sqft per apartment
2 bedroom, 1 bath
3 out of 4 are renovated (new floors, kitchen, bathroom, appliances)
All lapartments are leased
Owner pays for lawn, garbage.
Potential Owner Financed
Feel free to contact me with any questions. Serious buyers only please.
4 apartments
750 sqft per apartment
2 bedroom, 1 bath
3 out of 4 are renovated (new floors, kitchen, bathroom, appliances)
All lapartments are leased
Owner pays for lawn, garbage.
Potential Owner Financed
Feel free to contact me with any questions. Serious buyers only please.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$38,400
|
$10.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$38,400
|
$10.67
|
| Taxes |
$2,800
|
$0.78
|
| Operating Expenses |
$3,600
|
$1.00
|
| Total Expenses |
$6,400
|
$1.78
|
| Net Operating Income |
$32,000
|
$8.89
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $38,400 |
| Annual Per SF | $10.67 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $38,400 |
| Annual Per SF | $10.67 |
| Taxes | |
|---|---|
| Annual | $2,800 |
| Annual Per SF | $0.78 |
| Operating Expenses | |
|---|---|
| Annual | $3,600 |
| Annual Per SF | $1.00 |
| Total Expenses | |
|---|---|
| Annual | $6,400 |
| Annual Per SF | $1.78 |
| Net Operating Income | |
|---|---|
| Annual | $32,000 |
| Annual Per SF | $8.89 |
Property Facts
| Price | $400,000 | Property Type | Multifamily |
| Price Per Unit | $100,000 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 3,600 SF |
| Cap Rate | 8% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.4 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1980/2023 |
| Price | $400,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Gross Rent Multiplier | 10.4 |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.25 AC |
| Building Size | 3,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2023 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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1966 Lakeview Rd