325 Hall Ln | Pineville, NC 28134
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325 Hall Ln
Pineville, NC 28134
Karen Court Apartments · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Current rental rates are significantly below submarket & area comparables which provides new ownership the immediate ability to drive NOI growth.
- 100% occupancy.
- Recent major capital improvements have been completed by current owner including a new TPO roof that was installed in June 2023.
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.88 AC |
| Property Type | Multifamily | Building Size | 9,250 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1972 |
| Zoning | R7 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.88 AC |
| Building Size | 9,250 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Zoning | R7 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 650 |
| 2+1.5 | 4 | - | 950 |
PROPERTY TAXES
| Parcel Number | 221-085-04 | Improvements Assessment | $903,900 |
| Land Assessment | $370,000 | Total Assessment | $1,273,900 |
PROPERTY TAXES
Parcel Number
221-085-04
Land Assessment
$370,000
Improvements Assessment
$903,900
Total Assessment
$1,273,900
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