3 Cross Creek Pkwy Roanoke Rapids, NC 27870
- Apartment buildings
- 16.63 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 3 Cross Creek Pkwy
- Lot size
- 16.63 lot acres
- Property type
- Apartment buildings
Description
This exceptional 144-unit apartment complex, situated on a substantial 16.63-acre lot in Roanoke Rapids, North Carolina, presents a compelling investment opportunity. The property, located at Tract 3 Cross Creek Parkway, zip code 27870, comprises six buildings, all permitted for residential use under the current zoning. The asking price is $1,500,000, translating to a land value of approximately $90,198.44 per acre. This prime location offers convenient access to essential amenities and services within Roanoke Rapids. The property boasts readily available water and sewer connections, simplifying operational logistics. For developers seeking a streamlined approach, the seller is willing to prepare the land to be "pad ready," eliminating significant pre-construction hurdles. This turnkey opportunity allows for immediate development or the potential for significant value appreciation through strategic property management and enhancements. The substantial lot size and existing infrastructure make this a highly attractive proposition for investors seeking a strong return on investment in the thriving Roanoke Rapids multifamily market. This is a rare chance to acquire a well-positioned, large-scale apartment complex in a desirable location. The property is situated in Halifax County, North Carolina.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Roanoke Rapids
- County
- Halifax
- State
- North Carolina
- Longitude
- -77.6505
- Latitude
- 36.4259
