701 Rain Place Ct | Kannapolis, NC 28081
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701 Rain Place Ct
Kannapolis, NC 28081
Ashford Place · Multifamily Property For Sale
·
40 Units
INVESTMENT HIGHLIGHTS
- 3.59% assumable debt
- Market rent ranges between $1,100 - $1,300/month
- Proven value add story with multiple renovated units over $1,100/month
- Average in place rent +/- $970/month
- Located roughly 1 mile from The North Carolina Research Campus
PROPERTY FACTS
| No. Units | 40 | Lot Size | 2.75 AC |
| Property Type | Multifamily | Building Size | 36,018 SF |
| Property Subtype | Apartment | Average Occupancy | 92% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 2001/2019 |
| Zoning | RV | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.75 AC |
| Building Size | 36,018 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 2001/2019 |
| Zoning | RV |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Heating
- Refrigerator
- Oven
- Range
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Storage Space
- Maintenance on site
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 40 | - | 768 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,605,630 | |
| Land Assessment | $255,240 | Total Assessment | $2,860,870 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$255,240
Improvements Assessment
$2,605,630
Total Assessment
$2,860,870
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