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Clay Apartments 3346 Clay Apartments Ct 16 Unit Apartment Building $1,799,000 ($112,438/Unit) Lenoir, NC 28645
INVESTMENT HIGHLIGHTS
- Low Vacancy Rate - High Demand
- Centrally Located
- extensive rehabs over last 8 years
EXECUTIVE SUMMARY
Prime Investment Opportunity with room to increase rents. Amazing opportunity in Lenoir for a 16 unit community. 8 duplex homes with 2 bedrooms, 1 bathroom on a private road. All units are on City Water & City Sewer. The properties feature newer vinyl siding, newer roofs, newer furnaces & air handlers/mini-splits. Electrical & plumbing has been updated where needed. All units are occupied and have fantastic cash flow with room to increase rents. Units convey with stoves & refrigerators. Tenants cover all utilities - owner pays for lawn mowing 2x's/month. Fantastic location - 10 minutes to Lenoir, 25 minutes to Hickory & 20 minutes to Morganton. Close to schools, shopping & dining.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Family Room
- Lawn
- Porch
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Individual Locking Bedrooms
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 16 | $875.00 | 861 |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $891,600 (2025) | |
| Land Assessment | $46,200 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $845,400 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$46,200 (2025)
Improvements Assessment
$845,400 (2025)
Total Assessment
$891,600 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Clay Apartments | 3346 Clay Apartments Ct
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