809 B T RdLumberton, NC 28358

  • Residential income properties
  • 1.29 AC
For Sale
$725,000 View listing

Property Details for 809 B T Rd

Year built
1980
Lot size
1.29 AC
Property type
Residential income properties
Property subtype
Multifamily properties

Description

This exceptional investment opportunity presents a six-unit multifamily property located at 809 B T Rd, Lumberton, NC 28358. The property, situated on a 1.29-acre lot, consists of two buildings: a quadplex and a duplex. The buildings, constructed in 1980 and renovated six years ago, offer a mix of spacious townhomes. Four units boast two bedrooms and 1.5 bathrooms, while the remaining two units feature three bedrooms and 1.5 bathrooms. Currently enjoying 100% occupancy and a strong rental history, this property offers significant upside potential due to below-market rents. The asking price is $725,000, representing a price per unit of $120,833.33 and a 7.04% capitalization rate based on a Net Operating Income (NOI) of $51,020. The property is zoned residential and benefits from a convenient location near I-95, providing easy access to restaurants and shopping. This is a turnkey investment ideal for an experienced investor seeking a stable, high-performing asset with room for growth. The property is currently for sale by owner.

809 B T Rd, Lumberton, North Carolina

Location Insight

City
Lumberton
County
Robeson
State
North Carolina
Latitude
34.6869
Longitude
-78.9911

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