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Woodland Ridge Apartment Homes 4029 Professional Dr 60 Unit Apartment Building For Sale Hope Mills, NC 28348
INVESTMENT HIGHLIGHTS
- Prime investment opportunity
EXECUTIVE SUMMARY
- Proven value-add framework
- Strong and strengthening market fundamentals
- Well performing asset with rent growth potential
- Additional vacant parcel to convey with property
- 3rd fasted growing MSA in the country
- 7.9% average rent growth
- Strong and strengthening market fundamentals
- Well performing asset with rent growth potential
- Additional vacant parcel to convey with property
- 3rd fasted growing MSA in the country
- 7.9% average rent growth
PROPERTY FACTS Under Contract
| Sale Type | Investment | Lot Size | 6.51 AC |
| No. Units | 60 | Building Size | 64,200 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1985/2024 |
| Building Class | C | Parking Ratio | 1.56/1,000 SF |
| Zoning | R5 - Residential | ||
| Sale Type | Investment |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.51 AC |
| Building Size | 64,200 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built/Renovated | 1985/2024 |
| Parking Ratio | 1.56/1,000 SF |
| Zoning | R5 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Ceiling Fans
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 60 | $1,033 | 1,050 - 1,100 |
PROPERTY TAXES
| Parcel Number | 0414-83-5099 | Improvements Assessment | $4,140,386 |
| Land Assessment | $300,816 | Total Assessment | $4,441,202 |
PROPERTY TAXES
Parcel Number
0414-83-5099
Land Assessment
$300,816
Improvements Assessment
$4,140,386
Total Assessment
$4,441,202
CONTACTS
-
John Manning -
Hayden Davis -
Britt Gillespie -
Jimmy Poole -
Doak Walker -
Wesley Fricks
-
Greysteel
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Woodland Ridge Apartment Homes | 4029 Professional Dr
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