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516 Cross St 2 Unit Apartment Building $350,000 ($175,000/Unit) 6.63% Cap Rate Sanford, NC 27330
Executive Summary
This property is a duplex consisting of 2 units. Each unit is 2 bed and 1 bath and 964 sq ft each. 516 is currently rented on a month to month basis and 518 is currently available for rent. CAP rate includes taxes, insurance and all maintenance costs.
Property Facts Under Contract
| Price | $350,000 | Apartment Style | Garden |
| Price Per Unit | $175,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 6.63% | Building Size | 1,928 SF |
| No. Units | 2 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1951/2011 |
| Zoning | RESIDENTIA - Residential | ||
| Price | $350,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 6.63% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 1,928 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built/Renovated | 1951/2011 |
| Zoning | RESIDENTIA - Residential |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Yard
- Attic
- Deck
- Double Pane Windows
- Family Room
- Lawn
Site Amenities
- Trash Pickup - Curbside
- Bicycle Storage
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Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 9643-40-2224-00 | Improvements Assessment | $154,200 |
| Land Assessment | $19,900 | Total Assessment | $174,100 |
Property Taxes
Parcel Number
9643-40-2224-00
Land Assessment
$19,900
Improvements Assessment
$154,200
Total Assessment
$174,100
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Videos
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Matterport 3D Tour
Photos
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Street
Map
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Presented by
Wreck2right LLC
516 Cross St
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