For Sale
$200,000

802 Water StLumberton, NC 28358

Two-unit apartment building, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a well-maintained duplex located at 802 N Water St, Lumberton, NC 28358. The property boasts a desirable location near downtown Lumberton and offers a compelling combination of strong financial performance and attractive features. This one-story, 1,411 square foot building sits on a half-acre lot and comprises two units, each featuring two bedrooms and one bathroom. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $14,525, translating to an attractive 7.20% capitalization rate. The asking price is $200,000. Off-street parking is provided via carports, and each unit benefits from a fenced yard, enhancing tenant privacy and appeal. The property's strong rental history and current below-market rents present a significant opportunity for immediate cash flow and future appreciation. This is an ideal investment for both seasoned and novice investors seeking a stable, high-performing asset in a convenient location. The property is being offered for sale by owner.

Highlights

  • Strong rental history with consistent income.
  • 100% occupancy, maximizing rental revenue.
  • Below-market rents offer significant upside potential.

Property Details for 802 Water St

Property type
Apartment buildings
Square Feet
1,411 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
21,780 SF
Units
2

Location Insight

City
Lumberton
County
Robeson
State
North Carolina
Latitude
34.6233301
Longitude
-79.0100264
802 Water St, Lumberton, North Carolina

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
802 Water St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message