203 S Jonesville Blvd Jonesville, NC 28642
Fully occupied multifamily property with mark-to-market rent growth potential.
Property size:
19,556 SFProperty Features for 203 S Jonesville Blvd
General Information
- Size
- 19,556 SF
Building Details
- Year built
- 1987
Source:
Lee-associates
Listing Agent: Jack Mcdermott
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Multifamily Investment Opportunity in Jonesville
This multifamily property is offered for sale, presenting a stabilized investment opportunity with potential upside. The property is currently 100% occupied, with average unit rents at $936 per month. Market comparisons suggest that renovated units could achieve rents between $950 and $1,050 per month, indicating a mark-to-market rent growth strategy. The property also includes two unused rooms that offer conversion potential. The property is situated in Jonesville, North Carolina, located in Yadkin County at the intersection of I-77 and US-21, providing regional access. It is approximately 30 minutes from Winston-Salem and less than an hour from Charlotte, making it attractive to tenants seeking affordability with commuter options. The area combines small-town living with employment opportunities. Major local employers include the Walmart Distribution Center, Unifi Manufacturing, and Wilkes Community College. Outdoor amenities such as the Yadkin River, Jonesville Greenway, and Blue Ridge Parkway enhance the area's appeal. The submarket is landlord-favorable, with only 133 multifamily units tracked countywide and a vacancy rate of 2.1%.
Location Intelligence
Current Use by Public Records
Little Creek Apartments
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Jonesville
- County
- Yadkin
- State
- North Carolina
- Longitude
- -80.836281
- Latitude
- 36.23251
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully occupied multifamily property with mark-to-market rent growth potential.
Where is this apartment building located?
The property is located at 203 S Jonesville Blvd Jonesville, NC.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: - High Cap Rate: 7.83% based on current NOI of $321,210; - 100% Occupancy: Provides stabilized cash flow; - Mark-to-Market Rent Growth Potential: Renovated units can achieve $950–$1,050/month compared to current $936/month