Log In/Sign Up
Your email has been sent.
Maplewood Apartments 299 Independence Rd 30 Unit Apartment Building $1,500,000 ($50,000/Unit) 7.50% Cap Rate Sparta, NC 28675
Executive Summary
30-unit LIHTC senior apartment community (Maplewood) in three low-rise buildings; built 1979; individually metered; rent-restricted affordable; located in an Opportunity Zone.
Pitched roofs, brick & siding exteriors, paved parking. BOV $1,500,000 ($50,000/unit) at 7.25% cap on $108,000 NOI.
Pitched roofs, brick & siding exteriors, paved parking. BOV $1,500,000 ($50,000/unit) at 7.25% cap on $108,000 NOI.
Property Facts
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $50,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.32 AC |
| Cap Rate | 7.50% | Building Size | 42,400 SF |
| No. Units | 30 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | TOWN | ||
| Price | $1,500,000 |
| Price Per Unit | $50,000 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.32 AC |
| Building Size | 42,400 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Opportunity Zone |
Yes |
| Zoning | TOWN |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 30 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 3071713886 | Improvements Assessment | $883,600 |
| Land Assessment | $232,400 | Total Assessment | $1,116,000 |
Property Taxes
Parcel Number
3071713886
Land Assessment
$232,400
Improvements Assessment
$883,600
Total Assessment
$1,116,000
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
Maplewood Apartments | 299 Independence Rd