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601 Main St Lillington, NC 27546

  • Apartment buildings
  • 45,004 SF
  • 7.10 lot acres
OFF-MARKET
Value Estimation
Location Intelligence

Current Use by Public Records

  • Harnett County Schools / School District Office
  • Meredith Square Townhomes / Townhouse Complex

Property Details for 601 Main St

Year built
1999
Lot size
7.10 lot acres
Property size
45,004 SF
Property type
Apartment buildings

Description

This exceptional 36-unit apartment building in Lillington, NC, presents a lucrative investment opportunity. Situated on a 7.1-acre lot at 601 Main St, this property boasts a prime location, just a short walk from Campbell University and 10 minutes from the growing town of Lillington. Built in 1999 and renovated in 2000, the complex comprises seven two-story buildings, offering a mix of 1-bedroom, 1-bathroom; 2-bedroom, 2.5-bathroom; and 3-bedroom, 3-bathroom units. All units feature ground-level entrances, vinyl and brick exteriors, and are equipped with a refrigerator, stove, washer, and dryer. Ample parking is available with individually metered spaces. The property benefits from consistently high occupancy rates, with annual rent increases and a diverse tenant base including students, faculty, and the general public. A current property management company, owned by the sellers, is in place and willing to continue management. Tenants utilize an online system for rent payments and work orders. Recent improvements include new roofs (2016) and ongoing appliance and AC unit replacements. Approximately 50% of units feature updated LVP flooring. A significant expansion opportunity exists with 2.85 acres of cleared land approved for an additional 24 units (plans available). All utilities are readily accessible at the roadside. The asking price is $6,000,000. The property is zoned RA-30 and has an APN of 0670-86-7395.000RA-30. This property offers substantial potential for increased revenue and return on investment.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Lillington
County
Harnett
State
North Carolina
Longitude
-78.7359
Latitude
35.4157
More about this property
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