24-Unit Apartment
For Sale
$1,342,500
Pending
202 Laurel Avenue, Wadesboro, NC 28170
Income-restricted apartment property with additional vacant land included in the sale.
Property SizeContact for details
Days on Market517
Property Features for 202 Laurel Avenue
General Information
Standard status
Pending
Property subtype
Commercial/Industrial
Additional Details
Multifamily Units
24
Building Details
Year Built
2002
Listing Agency:
Intracoastal Realty Corp
(910) 512-2205
Listed By:
Jeffrey G Hovis · License #234605
(910) 512-2205
Source:
Exitrealty
Added: Apr 2, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:17PM
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 Intracoastal Realty Corp
Investment Insights
Based on property information with market context.
Built in 2002, this 24-unit apartment property occupies 4.28 acres in Wadesboro, North Carolina. The operating units are subject to income-based rent restrictions, with 10 units restricted at 50% of Anson County MFI and 14 units restricted at 60% MFI.
The sale also includes additional vacant land without deed restrictions. The deed restriction affecting the income-producing units is scheduled to expire within the next few years. A possible financing arrangement through NCHFA is identified for the property.
The sale also includes additional vacant land without deed restrictions. The deed restriction affecting the income-producing units is scheduled to expire within the next few years. A possible financing arrangement through NCHFA is identified for the property.
Key Highlights
- 24 apartment units on 4.28 acres
- 10 units restricted at 50% of Anson County MFI
- 14 units restricted at 60% MFI
Property Analytics
Current Use
Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 28170, NC
10,337
Population
4,768
Households
2.2
Avg Household Size
45
Median Age
13%
College-Educated
84%
High-School Grad
177.9 sq mi
ZIP Area
58
Density / Sq Mi
$36,139
Median Household Income
$27,144
Median Earnings
$825
Median Rent
$109,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Income-restricted apartment property with additional vacant land included in the sale.
Where is this apartment building located?
The property is located at 202 Laurel Avenue Wadesboro, NC.
What is the asking price?
The asking price for this property is $1,342,500.
What are key features of this property?
This property features: 24 apartment units on 4.28 acres; 10 units restricted at 50% of Anson County MFI; 14 units restricted at 60% MFI
