239 Maple St Rutherfordton, NC 28139

Listing agency Waller Group Homes l***@loganwaller.com Show Phone

Listed by Logan Waller · License #TX 0479147

Source Crexi

Added: Apr 11 Updated: Jul 23 at 2:30AM Checked: Jul 23 at 2:30AM

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Investment Insights

Based on property information with market context.

Maple Hall Apartments is a 24-unit apartment building being offered for sale at 239 Maple St in Rutherfordton, NC. The investment summary notes a potential interior renovation program that could include black or stainless-steel appliances, laminate countertops, and parking lot upgrades.

The property is currently managed by the owner’s property management group. The remarks also discuss an additional in-unit laundry income opportunity by adding stackable or full-size washer and dryer units.

According to the provided underwriting and projections, current ownership is achieving $121,299 in annual NOI, with the ability to raise rents based on area rent comparables and reach an annual NOI of $181,209 under the stated proforma assumptions.

Key Highlights

• 24‑unit multifamily property in Rutherfordton, NC
• Current ownership is achieving $121,299 in annual NOI
• New ownership can implement an interior renovation program with black or stainless‑steel appliances and laminate countertops

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FAQs

What type of property is this?

Apartment building - 24-unit multifamily property offers an interior renovation and parking lot upgrade opportunity under new ownership.

Where is this apartment building located?

The property is located at 239 Maple St Rutherfordton, NC.

What are key features of this property?

This property features: 24‑unit multifamily property in Rutherfordton, NC; Current ownership is achieving $121,299 in annual NOI; New ownership can implement an interior renovation program with black or stainless‑steel appliances and laminate countertops