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300-399 Kristin Ln
Hudson, NC 28638
INVESTMENT Forest Village Estates · Multifamily Property For Sale
·
56 Units
PROPERTY FACTS
| No. Units | 56 | Lot Size | 7.81 AC |
| Property Type | Multifamily | Building Size | 45,592 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1990 |
| Zoning | R-85 | ||
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.81 AC |
| Building Size | 45,592 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1990 |
| Zoning | R-85 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
- Patio
SITE AMENITIES
- 24 Hour Access
- Pool
ABOUT 300-399 KRISTIN LN , HUDSON, NC 28638
Complex consists of seven buildings, which are comprised of 12 studios, 8 one bedrooms, and 36 two bedroom townhome style apartments for a total of 56 units. Secluded and wooded site, which also may offer the upside of adding an additional building and moving rents up to the market rate. Tenants pay for their own electric and water, which is separately metered for each unit. Property has been upgraded to include several apartment renovations, new appliances, and roofs which have all been replaced within the last five years. Amenities include a pool and an outdoor space available for picnicking. The center has historically operated at near full capacity. Located in the town of Hudson, north of Hickory North Carolina. Located off of Mt Herman Rd, about a mile from Highway 321. Close proximity to food and entertainment. Seller shows 2017 expenses of $88,172 and monthly income of $28,355 or $340,260 annualized equating to a 7.75 CAP.
PROPERTY TAXES
| Parcel Number | 03-55-1-11 | Improvements Assessment | $2,991,700 |
| Land Assessment | $234,300 | Total Assessment | $3,226,000 |
PROPERTY TAXES
