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202 N Gulf St 2 Unit Apartment Building Offered at $450,000 at a 6.74% Cap Rate Sanford, NC 27330
Executive Summary
Prime investment property. Cap rate includes taxes, insurance and maintenance
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,990
|
$2.72
|
| Net Operating Income |
$30,335
|
$13.79
|
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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $5,990 |
| Annual Per SF | $2.72 |
| Net Operating Income | |
|---|---|
| Annual | $30,335 |
| Annual Per SF | $13.79 |
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
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Videos
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Photos
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Street
Map
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Presented by
Wreck2right LLC
202 N Gulf St
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