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10-Unit Apartment Building

1954 Lakeview Road, Asheboro, NC 27203

For Sale
$725,000

Uniform one-bedroom residences provide a consistent layout across the property.

Property SizeContact for details
Days on Market215

Property Features for 1954 Lakeview Road

General Information

Standard status Active
Property subtype Multi Family Home
Zoning RA6
Occupancy 100%

Units

Unit Mix 10 x 1BR/1BA
Multifamily Units 10

Additional Details

Gross Income $92,868
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $2,393

Building Details

Year Built 1979
Listing Agency: Howard Hanna Allen Tate-Asheboro
Listed By: Hannah Hunt · License NC #310515
Source: Ashbymartin
Added: Apr 9 Changed: Nov 7 Last Checked: Nov 9 at 1:03PM

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 Howard Hanna Allen Tate-Asheboro

Rey
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Investment Insights

Based on property information with market context.

This 10-unit apartment property was built in 1979. Each residence has one bedroom and one bathroom, creating a consistent unit mix throughout the building. The property is fully occupied, and its zoning is RA6.

Key Highlights

  • 10 apartment units, each configured as one bedroom and one bathroom
  • Fully occupied
  • Built in 1979

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

10
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

74
Businesses Nearby

Demographics for 27203, NC

21,869
Population
9,937
Households
2.2
Avg Household Size
37
Median Age
17%
College-Educated
81%
High-School Grad
22.5 sq mi
ZIP Area
972
Density / Sq Mi
$47,506
Median Household Income
$32,900
Median Earnings
$852
Median Rent
$141,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Uniform one-bedroom residences provide a consistent layout across the property.
Where is this apartment building located?
The property is located at 1954 Lakeview Road Asheboro, NC.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 10 apartment units, each configured as one bedroom and one bathroom; Fully occupied; Built in 1979
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