For Sale
$2,064,000

3985 Nc-268Pilot Mountain, NC 27041

Prime Pilot Mountain Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents Twin Oaks, a 24-unit apartment building located at 3985 NC-268 in Pilot Mountain, North Carolina, 27041. The property boasts a total of 18,156 square feet situated on a 5.37-acre lot. Comprised of three single-story buildings, Twin Oaks offers a stable income stream with a current Net Operating Income (NOI) of $136,392, resulting in a 6.61% capitalization rate. The asking price is $2,064,000, translating to $86,000 per unit and $113.68 per square foot. This well-maintained property presents a compelling opportunity for investors seeking a strong return on investment in a desirable location. The property's 24 units provide a solid foundation for immediate cash flow, while the substantial lot size offers potential for future expansion or value-add improvements. Located in Stokes County, this multifamily complex benefits from its convenient location in Pilot Mountain, North Carolina. Detailed financial statements are available upon request. This is a turnkey investment ready for immediate ownership.

Highlights

  • 24-unit apartment building in Pilot Mountain, NC.
  • 18,156 square feet on a 5.37-acre lot.
  • $136,392 Net Operating Income (NOI) with a 6.61% capitalization rate.
  • Asking price: $2,064,000 ($86,000 per unit, $113.68 per square foot).
  • Turnkey investment with potential for future expansion.

Property Details for 3985 Nc-268

Property type
Apartment buildings
Square Feet
18,156 SF
Buildings
3
Stories
1
Lot Size (sq. ft)
233,917 SF
Units
24

Location Insight

City
Pilot Mountain
County
Stokes
State
North Carolina
Latitude
36.406133
Longitude
-80.4293901
3985 Nc-268, Pilot Mountain, North Carolina

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3985 Nc-268
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