4230 Wendell Blvd, Wendell, NC 27591-8412
This exceptional investment opportunity presents a substantial 26,926 square foot mixed-use building situated on a generous 4.11-acre lot in Wendell, NC. The property currently comprises fifty individual one-bedroom, one-bathroom units, presenting a strong foundation for immediate income generation. The versatile nature of the building allows for a multitude of potential uses, making it an attractive prospect for diverse investors. Consideration could be given to continuing its operation as multifamily housing, or exploring alternative uses such as office space, a daycare center, medical offices, or even a hotel conversion. The expansive lot size offers ample room for future expansion or development, adding further value to this already impressive property. Located at 4230 Wendell Boulevard Unit 4230, this property is priced at $2,500,000 and represents a significant opportunity for substantial returns. The substantial size and flexible zoning make this a rare find in the thriving Wendell market. Serious inquiries are encouraged to explore the full potential of this remarkable investment. The property's current configuration and location provide a solid base for a variety of income-generating ventures.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
NC · Wendell, NCWendell. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.