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200 N Gulf St 2 Unit Apartment Building Offered at $450,000 at a 7.22% Cap Rate Sanford, NC 27330
Investment Highlights
- Walking distance to downtown business district
Executive Summary
Prime investment property. Cap rate includes taxes, insurance and maintenance
Beautifully renovated 1930 Duplex in the highly desirable Rosemount/McIver historic district.
Urban living close to downtown Sanford!
Perfect location for walking/biking to shops, Depot Park, restaurants, Temple Theater, art center, breweries, wine bar, Farmers market, etc
Each side of this duplex offers a bedroom/bath downstairs and a bedroom/bath upstairs with two large closets.
A private front porch, a 12x8 back deck and a private court yard.
Kitchen has granite counter tops, lots of counter/cabinet storage space and includes all appliances.
Beautifully renovated 1930 Duplex in the highly desirable Rosemount/McIver historic district.
Urban living close to downtown Sanford!
Perfect location for walking/biking to shops, Depot Park, restaurants, Temple Theater, art center, breweries, wine bar, Farmers market, etc
Each side of this duplex offers a bedroom/bath downstairs and a bedroom/bath upstairs with two large closets.
A private front porch, a 12x8 back deck and a private court yard.
Kitchen has granite counter tops, lots of counter/cabinet storage space and includes all appliances.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$36,325
|
$16.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$36,325
|
$16.51
|
| Taxes |
$2,321
|
$1.06
|
| Operating Expenses |
$1,516
|
$0.69
|
| Total Expenses |
$3,837
|
$1.74
|
| Net Operating Income |
$32,488
|
$14.77
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $36,325 |
| Annual Per SF | $16.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $36,325 |
| Annual Per SF | $16.51 |
| Taxes | |
|---|---|
| Annual | $2,321 |
| Annual Per SF | $1.06 |
| Operating Expenses | |
|---|---|
| Annual | $1,516 |
| Annual Per SF | $0.69 |
| Total Expenses | |
|---|---|
| Annual | $3,837 |
| Annual Per SF | $1.74 |
| Net Operating Income | |
|---|---|
| Annual | $32,488 |
| Annual Per SF | $14.77 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Deck
- Double Pane Windows
Site Amenities
- Courtyard
- Trash Pickup - Curbside
- Bicycle Storage
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $1,500 | 1,100 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 9642-59-5900-00 | Total Assessment | $133,400 |
| Land Assessment | $12,600 | Annual Taxes | $2,321 ($1.06/SF) |
| Improvements Assessment | $120,800 | Tax Year | 2025 |
Property Taxes
Parcel Number
9642-59-5900-00
Land Assessment
$12,600
Improvements Assessment
$120,800
Total Assessment
$133,400
Annual Taxes
$2,321 ($1.06/SF)
Tax Year
2025
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200 N Gulf St