Leased Apartment
For Sale
$310,000
1314 Franklin Ave, High Point, NC 27260
Apartment property with seven active leases and established operating history.
Property SizeContact for details
Days on Market43
Property Features for 1314 Franklin Ave
General Information
Standard status
Active
Property subtype
Multi-Family
Building Details
Year Built
1922
Tenancy
Multi
Listing Agency:
Versatile Real Estate Group
(919) 225-0660
Listed By:
Carlos Parks · License #312386
Source:
Vickiegallimore
Added: Jul 19
Changed: Aug 29
Last Checked: Aug 25 at 5:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Versatile Real Estate Group
Investment Insights
Based on property information with market context.
This apartment building contains seven active leases and was constructed in 1922. The existing lease count provides a clear view of current occupancy across the property, while the building’s age reflects an established residential asset rather than new construction.
The property is located at 1314 Franklin Ave in High Point, NC 27260. Financial information includes a cap rate above 10%, offering a concise measure of the asset’s stated operating performance.
The property is located at 1314 Franklin Ave in High Point, NC 27260. Financial information includes a cap rate above 10%, offering a concise measure of the asset’s stated operating performance.
Key Highlights
- Seven active leases in place
- Constructed in 1922
- Cap rate above 10%
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 27260, NC
24,573
Population
11,233
Households
2.2
Avg Household Size
35
Median Age
12%
College-Educated
71%
High-School Grad
12.4 sq mi
ZIP Area
1,982
Density / Sq Mi
$41,817
Median Household Income
$29,008
Median Earnings
$796
Median Rent
$111,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with seven active leases and established operating history.
Where is this apartment building located?
The property is located at 1314 Franklin Ave High Point, NC.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Seven active leases in place; Constructed in 1922; Cap rate above 10%
