807 Ducks LndgAberdeen, NC 28315

Property Details for 807 Ducks Lndg

Year built

2023

Property size (Sq ft)

6,764 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

Exceptional investment opportunity in Aberdeen, NC, presents a portfolio of four newly constructed (2023), fully leased (100% occupancy as of October 21, 2023) townhomes situated within the Ducks Landing Townhome complex. This meticulously maintained property boasts a total of 6,764 square feet across two stories, offering a compelling 5.35% cap rate and a strong net operating income (NOI) of $79,028. Each of the four units features a desirable open-concept layout, well-appointed kitchen, and a spacious two-car garage, complemented by private outdoor decks. The townhomes are ideally located just off Saunders Boulevard, adjacent to the Southern Pines Golf Club, and minutes from the vibrant downtowns of both Aberdeen and Southern Pines, ensuring convenient access to local amenities and attracting a high-quality tenant base. The property sits on a 5,420 square foot lot and is zoned RM-6. The asking price is $1,476,000, representing $369,000 per unit and $218.21 per square foot. This represents a core investment opportunity with significant potential for future returns in a thriving market. The property's APN is 20230022 20230023 20230024 20230025. The opportunity exists to expand this investment by acquiring up to twelve townhomes within the complex.

Location Insight

City

Aberdeen

County

Moore

State

North Carolina

Latitude

35.157

Longitude

-79.4033

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