807 Ducks Lndg Aberdeen, NC 28315
- Residential income homes
- 6,764 SF
Current Use by Public Records
- Residential income homes
Property Details for 807 Ducks Lndg
- Year built
- 2023
- Property size
- 6,764 SF
- Property type
- Residential income homes
Description
Exceptional investment opportunity in Aberdeen, NC, presents a portfolio of four newly constructed (2023), fully leased (100% occupancy as of October 21, 2023) townhomes situated within the Ducks Landing Townhome complex. This meticulously maintained property boasts a total of 6,764 square feet across two stories, offering a compelling 5.35% cap rate and a strong net operating income (NOI) of $79,028. Each of the four units features a desirable open-concept layout, well-appointed kitchen, and a spacious two-car garage, complemented by private outdoor decks. The townhomes are ideally located just off Saunders Boulevard, adjacent to the Southern Pines Golf Club, and minutes from the vibrant downtowns of both Aberdeen and Southern Pines, ensuring convenient access to local amenities and attracting a high-quality tenant base. The property sits on a 5,420 square foot lot and is zoned RM-6. The asking price is $1,476,000, representing $369,000 per unit and $218.21 per square foot. This represents a core investment opportunity with significant potential for future returns in a thriving market. The property's APN is 20230022 20230023 20230024 20230025. The opportunity exists to expand this investment by acquiring up to twelve townhomes within the complex.
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
- Aberdeen
- County
- Moore
- State
- North Carolina
- Longitude
- -79.4033
- Latitude
- 35.157
