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331 Temple St
Lexington, NC 27292
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Ten 2 bed/1 bath units - each ±750 SF
- New Siding
- Washer/dryer connections
- Convenient location to downtown Lexington
Executive Summary
Stable multifamily investment opportunity with upside in Lexington, NC offering great immediate yield. Temple Street Apartments offers ten 2 bedroom, 1 bath units - each ±750 square feet with washer/dryer connections. The property provides convenient access to downtown Lexington, major employers, shops/restaurants, US-64/US-29/I-285, and is walkable to Lexington Middle and High School.
Property Facts
| Price Per Unit | $104,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.83 AC |
| Cap Rate | 8.06% | Building Size | 12,067 SF |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 1.92/1,000 SF |
| Apartment Style | Low-Rise |
| Price Per Unit | $104,000 |
| Sale Type | Investment |
| Cap Rate | 8.06% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.83 AC |
| Building Size | 12,067 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| Parking Ratio | 1.92/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | - |
Property Taxes
| Parcel Number | 11-025-0-00B-0016-0-0-0 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $288,960 |
Property Taxes
Parcel Number
11-025-0-00B-0016-0-0-0
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$288,960
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