Current Use by Public Records
- Apartment buildings
Property Details for 809 B T Rd
- Year built
- 1980
- Lot size
- 1.29 lot acres
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a six-unit multifamily property located at 809 B T Rd, Lumberton, NC 28358. The property, situated on a 1.29-acre lot, consists of two buildings: a quadplex and a duplex. The buildings, constructed in 1980 and renovated six years ago, offer a mix of spacious townhomes. Four units boast two bedrooms and 1.5 bathrooms, while the remaining two units feature three bedrooms and 1.5 bathrooms. Currently enjoying 100% occupancy and a strong rental history, this property offers significant upside potential due to below-market rents. The asking price is $725,000, representing a price per unit of $120,833.33 and a 7.04% capitalization rate based on a Net Operating Income (NOI) of $51,020. The property is zoned residential and benefits from a convenient location near I-95, providing easy access to restaurants and shopping. This is a turnkey investment ideal for an experienced investor seeking a stable, high-performing asset with room for growth. The property is currently for sale by owner.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lumberton
- County
- Robeson
- State
- North Carolina
- Longitude
- -78.9911
- Latitude
- 34.6869
