Vly St Statesville, NC 28677
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…
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
R-5MF · Statesville, NCMulti-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 fifteen (15) feet and the rear setback shall be thirty-five (35) feet. b. Every residential building in a planned multi-family development shall be located at least fifteen (15) feet from every other building within the development. c. Every residential building front a public or private street. d. Individual units shall not have driveways from a public or private street. e. The quantity of parking shall be provided in accordance with the regulations and requirements of the Unified Development Code. f. Parking may be provided by any of or a combination of any of the following and shall be outside of the public or private rights-of-way associated with streets, roads, or alleys: unit specific parking pad, unit specific garage, shared parking lot. g. Unit specific parking shall only be accessed from a private alley. 2. Interior streets may be designated as private streets by the City Council, upon considering the adopted Mobility and Development Plan, existing and proposed neighborhood streets and circulation needs, the relationship of the site to adjoining lands, the size and shape of the development, the number of dwellings within and adjacent to the development, and anticipated traffic volumes. 3. The design and arrangement of private streets shall be in accordance with the City of Statesville Street Specifications, reviewed by the Planning Board and approved by the City Council. 4. The parking and circulation plan shall provide safe, quick and convenient access and circulation for emergency, refuse collection, service, and delivery vehicles. a. The plan shall indicate locations and service connections for fire hydrants and refuse collection points. b. Service sides shall be identified with due consideration given to the location of refuse collection points, mechanical equipment, ingress and egress, and building design and arrangement. 5. Unenclosed parking areas for developments larger than one (1) acre shall be located no closer than fifteen (15) feet from a building. Unenclosed parking areas for developments one (1) acre or less shall be located no closer than eight (8) feet from a building.
No recorded transactions found for this property.
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.