46 Brickyard Ln Lillington, NC 27546

Property Details for 46 Brickyard Ln

Property type

Dormitories

Property subtype

Student housing

Description

This exceptional investment opportunity presents a fully approved 15-unit townhome development project situated on a 1.67-acre lot in Lillington, North Carolina. Located just one block from Campbell University, this prime location ensures high occupancy rates and strong rental demand. The project boasts a meticulously crafted site plan, already approved by the Board of Adjustments, addressing impervious soils and securing 15 sewer and water taps from Harnett County Utilities – a significant achievement given the county's limited sewer capacity. Two years of planning and approvals have culminated in this turnkey opportunity, including all engineering and surveying fees incurred to date. Detailed townhome plans are included, specifying 15 units, each offering 1478 square feet of living space with three bedrooms, 2.5 bathrooms, and a garage. The existing house on the property is to be removed to make way for the new construction. Currently, the property generates a monthly rental income of $1700. The asking price for this exceptional development opportunity is $920,000, representing a price per unit of $61,333.33. This is a rare chance to capitalize on the strong student housing market near Campbell University and the significant time and resources already invested in securing all necessary approvals. Don't miss this chance to acquire a ready-to-build project with substantial value and potential for significant returns.