401 Summit St | Madison, NC 27025
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401 Summit St
Madison, NC 27025
401 Summit Street · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Opportunity to own a solid, performing, brick construction multi-family value-add property
- 2BR/1BA units all leased significantly below market rents
- 6 Duplexes located on one block in Madison, NC
- CAP Rate: 6.35% (7.60% Pro Forma)
PROPERTY FACTS
| No. Units | 12 | Lot Size | 1.71 AC |
| Property Type | Multifamily | Building Size | 9,360 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1961 |
| Building Class | C | ||
| Zoning | R8MD | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.71 AC |
| Building Size | 9,360 SF |
| No. Stories | 1 |
| Year Built | 1961 |
| Zoning | R8MD |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | - | 780 |
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