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Quail Hollow Apts 6961 Prospect Church Rd 6 Unit Apartment Building $425,000 ($70,833/Unit) 7.82% Cap Rate High Point, NC 27263
Investment Highlights
- All brick, one-level, 6-unit apartment building.
- Fully occupied
- 5.9 acre lot that may be suitable for further development.
- All units are 2 bedrooms/1 bath.
- Units are separately metered for utilities.
- Central heat & air.
Executive Summary
Quail Hollow Apartments is a 6-unit, one level apartment building comprised of six 2 bedroom/1 bath units. The property sits on approximately 5.9 acres which provides great upside potential, along with its current below market rents.
Property Facts Under Contract
| Price | $425,000 | Apartment Style | Low-Rise |
| Price Per Unit | $70,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 5.90 AC |
| Cap Rate | 7.82% | Building Size | 4,650 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1980 |
| Zoning | RA/UR | ||
| Price | $425,000 |
| Price Per Unit | $70,833 |
| Sale Type | Investment |
| Cap Rate | 7.82% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 5.90 AC |
| Building Size | 4,650 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1980 |
| Zoning | RA/UR |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 6798-14-3422 | Improvements Assessment | $236,420 |
| Land Assessment | $60,000 | Total Assessment | $296,420 |
Property Taxes
Parcel Number
6798-14-3422
Land Assessment
$60,000
Improvements Assessment
$236,420
Total Assessment
$296,420
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Contact the Sale Advisor
Quail Hollow Apts | 6961 Prospect Church Rd