Building Details

Year Built 1985

Tenancy Multi

Listing Agency: Century 21 Connected

Listed By: Ada Torres West · License #280755 Show Phone

Source: Highperformancerea

Added: Aug 4 Changed: Oct 4 Last Checked: Oct 4 at 11:47AM

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Investment Insights

Based on property information with market context.

This duplex in East Flat Rock includes two separately entered units, each with its own utilities and private yard. Both residences are currently occupied by tenants, offering an existing rental setup for an owner or investor. The property’s two-unit configuration supports straightforward oversight without combining entrances or utility systems.

Located at 104 Jody St, the property is near I-26, downtown Hendersonville, shopping, and parks. Its residential income configuration and current occupancy provide a clear operating profile, while the separate unit features support independent use of each residence.

Key Highlights

• Two‑unit duplex at 104 Jody St
• Both units currently occupied by tenants
• Separate entrances and utilities for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,557

Cap Rate

4.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$271,140 $271.1K

Cap Rate 7%

$193,671 $193.7K

Cap Rate 9%

$150,633 $150.6K

Market Conditions

NOI Build-Up for 1,509 SF

Gross rent

$22.6K $15.00/SF

− Vacancy

−$3.3K −$2.17/SF

EGI

$19.4K $12.83/SF

− OpEx

−$5.8K −$3.85/SF

NOI

$13.6K $8.98/SF

Area

Henderson County, NC

Vacancy

14.44%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$271,140

Cap Rate 7%

$193,671

Cap Rate 9%

$150,633

Alternative Uses

Best Use

Multifamily LT 5

$193.7K

$169.5K – $226.0K (±1% cap)

NOI $13,557 @ 7.0% cap · market cap 4.00%

Second Best

Apartment 5plus

$171.3K

$149.9K – $199.9K (±1% cap)

NOI $11,993 @ 7.0% cap · market cap 3.54%

Theoretical Best

Office A

$502.9K

$440.0K – $586.7K (±1% cap)

NOI $35,202 @ 7.0% cap · market cap 10.38%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Hair Salon Real Estate Agency Auto Parts Store Restaurant Cafe & Coffee Shop Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

154

Businesses Nearby

Explore this area Business Placement

Demographics for 28726, NC

3,787

Population

1,450

Households

2.6

Avg Household Size

35

Median Age

9%

College-Educated

79%

High-School Grad

2.5 sq mi

ZIP Area

1,515

Density / Sq Mi

$56,638

Median Household Income

$31,139

Median Earnings

$945

Median Rent

$178,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit rental property with separate utilities, private yards, and established occupancy in East Flat Rock.

Where is this duplex located?

The property is located at 104 Jody St East Flat Rock, NC.

What is the asking price?

The asking price for this property is $339,000.

What are key features of this property?

This property features: Two‑unit duplex at 104 Jody St; Both units currently occupied by tenants; Separate entrances and utilities for each unit