Current Use by Public Records
- Apartment buildings
Property Details for 3985 Nc-268
- Lot size
- 5.37 lot acres
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents Twin Oaks, a 24-unit apartment building located at 3985 NC-268 in Pilot Mountain, North Carolina, 27041. The property boasts a total of 18,156 square feet situated on a 5.37-acre lot. Comprised of three single-story buildings, Twin Oaks offers a stable income stream with a current Net Operating Income (NOI) of $136,392, resulting in a 6.61% capitalization rate. The asking price is $2,064,000, translating to $86,000 per unit and $113.68 per square foot. This well-maintained property presents a compelling opportunity for investors seeking a strong return on investment in a desirable location. The property's 24 units provide a solid foundation for immediate cash flow, while the substantial lot size offers potential for future expansion or value-add improvements. Located in Stokes County, this multifamily complex benefits from its convenient location in Pilot Mountain, North Carolina. Detailed financial statements are available upon request. This is a turnkey investment ready for immediate ownership.
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
- Pilot Mountain
- County
- Stokes
- State
- North Carolina
- Longitude
- -80.4294
- Latitude
- 36.4061
