85 Poplar St | Sparta, NC 28675
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- LoopNet Team
85 Poplar St
Sparta, NC 28675
Pine Ridge Apartments · Multifamily Property For Sale
·
49 Units
INVESTMENT HIGHLIGHTS
- Assumable Fannie Mae Debt Offering Attractive Financing Terms
- Reliable, Income-Producing Asset with Stable Cash Flow
- Long-Term Value Appreciation in an Undersupplied Multifamily Market
- Strong Rental History with Consistently High Occupancy Rates
- Desirable Location in Sparta, North Carolina, a Growing Market with Rental Demand
- Limited Competition for Smaller Market
PROPERTY FACTS
| No. Units | 49 | Lot Size | 4.11 AC |
| Property Type | Multifamily | Building Size | 46,796 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1968 |
| Building Class | C | ||
| Zoning | TOWN - Town | ||
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.11 AC |
| Building Size | 46,796 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Zoning | TOWN - Town |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Disposal
- Kitchen
- Oven
- Range
- Carpet
- Grill
SITE AMENITIES
- Fitness Center
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 11 | - | 400 |
| 1+1 | 11 | - | 600 |
| 2+1 | 19 | - | 800 |
| 2+1.5 | 5 | - | 775 |
| 3+1 | 3 | - | 825 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,103,500 | |
| Land Assessment | $272,800 | Total Assessment | $1,376,300 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$272,800
Improvements Assessment
$1,103,500
Total Assessment
$1,376,300
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