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Property profile & analytics
OFF-MARKET
Garden apartment buildings

Fox Ave Statesville, NC 28677

1.89 ac lot
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US53-3595527
Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Lot 1.89 ac (82,328 SF)
Zoning code R-5MF
APN 4744-63-0744.000
UPID US53-3595527
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history
Foxcroft Investors LLC · 9 yrs held
Foxcroft Investors LLC
since 2016
3 recorded transactions
2016
$11.4M
2004
$3.5M
2004
$4.3M
Zoning & alternative use
R-5MF · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Multi-Family Residential District, the R-5MF High Density Multi-Family Residential District, subject to the following requirements: a. Minimum side and rear yard setbacks shall conform to the underlying district. However, where adjoining land is developed with single-family dwellings or zoned for single family dwellings only, the side setback shall be fiftee…

Zone name High Density Multifamily Residential District
General category RESIDENTIAL
Zone area 933.48 ac
Source code of ordinances
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