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203 S Jonesville Blvd
Jonesville, NC 28642
Little Creek Apartments · Multifamily Property For Sale
·
36 Units
Investment Highlights
- 100% occupancy with in-place NOI of $321,210
- Average rents of $936/month well below market peers & Renovated units already achieving $950–$1,050/month
- Value-add upside with two convertible storage/leasing rooms
- 7.83% cap rate at asking price of $4.1M
- Zero new deliveries in Yadkin County for 10+ years
- On-site laundry and pool enhance tenant retention and add opportunity for additional income
Property Facts
| No. Units | 36 | Lot Size | 2.64 AC |
| Property Type | Multifamily | Building Size | 34,436 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1986 |
| Building Class | B | ||
| Zoning | Res - • 36-unit apartment community totaling 34,436 SF | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.64 AC |
| Building Size | 34,436 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Zoning | Res - • 36-unit apartment community totaling 34,436 SF |
Amenities
Unit Amenities
- Cable Ready
- Storage Space
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Playground
- Pool
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $850.00 | 900 |
| 2+2 | 32 | $1,050 | 800 |
| 3+2 | 2 | $1,350 | 1,000 |
Property Taxes
| Parcel Number | 123194 | Improvements Assessment | $1,638,578 |
| Land Assessment | $87,120 | Total Assessment | $1,725,698 |
Property Taxes
Parcel Number
123194
Land Assessment
$87,120
Improvements Assessment
$1,638,578
Total Assessment
$1,725,698
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