Multifamily Property with Detached
For Sale
$240,000
256 U.S Highway 70 W, Havelock, NC 28532
Multifamily property on US Highway 70 W with a detached storage building and bundle-deal structure.
Property Size1,140 SF
Price / SF$210.53
Days on Market206
Property Features for 256 U.S Highway 70 W
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
1,140 SF
Year Built
1947
Listing Agency:
Keller Williams Realty Points East
(919) 740-8368
Listed By:
Carolyn Joyner · License #354621
(919) 740-8368
Source:
Lindarike
Added: Jan 5
Changed: Jul 30
Last Checked: Jul 30 at 3:15AM
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 Keller Williams Realty Points East
Investment Insights
Based on property information with market context.
Multifamily property being sold as part of a bundle deal and is not offered for sale separately. The property includes a detached storage building, with the existing improvements built in 1947. Property size is listed as 1,140.
The address is 256 U.S. Highway 70 W in Havelock, NC. The PublicRemarks describe the site as located along a high-traffic business highway that leads to North Carolina beaches.
Additional details indicate Lot #2 Survey and Parcel # 6-044-30001 are included as part of the bundle, and the listing references MLS#100504214 as part of the overall transaction structure.
The address is 256 U.S. Highway 70 W in Havelock, NC. The PublicRemarks describe the site as located along a high-traffic business highway that leads to North Carolina beaches.
Additional details indicate Lot #2 Survey and Parcel # 6-044-30001 are included as part of the bundle, and the listing references MLS#100504214 as part of the overall transaction structure.
Key Highlights
- Sold as part of a bundle deal and will not be sold separately
- Detached storage building on site
- US Highway 70 W frontage location in Havelock, NC
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.9k | $15.72 |
| − Vacancy | −$986 | −$0.86 |
| EGI | $16.9k | $14.86 |
| − OpEx | −$7.6k | −$6.68 |
| NOI | $9.3k | $8.17 |
1,140 SF · lease $15.72/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$133.1K
$116.4K – $155.2K
NOI $9,314 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$375.9K
$328.9K – $438.5K
NOI $26,310 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 28532, NC
20,340
Population
8,677
Households
2.3
Avg Household Size
33
Median Age
19%
College-Educated
93%
High-School Grad
165.4 sq mi
ZIP Area
123
Density / Sq Mi
$65,772
Median Household Income
$38,839
Median Earnings
$1,270
Median Rent
$193,200
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?
Multifamily property - Multifamily property on US Highway 70 W with a detached storage building and bundle-deal structure.
Where is this multifamily property located?
The property is located at 256 U.S Highway 70 W Havelock, NC.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Sold as part of a bundle deal and will not be sold separately; Detached storage building on site; US Highway 70 W frontage location in Havelock, NC
