Hilldale Apartments

810 Dale Drive, Rocky Mount NC 27803

$ 5,500,000

Hilldale Apartments

810 Dale Drive, Rocky Mount NC 27803
Asset Type
Garden Apartments
Price
$ 5,500,000
Per Unit
$ 74,324
Total Units
74
Year Built
1977 ~ 1988
Market
Eastern NC
Status
Available

Highlights

30% UPSIDE - Owner retiring, Self-managed, 74 units in Rocky Mount, North Carolina
11.08% Cap Rate on Proforma with Updated Units, based on current rents at approximately 30% below market, leaving significant upside for new owner
True "old school" owner maintains full occupancy on an ongoing basis with virtually no advertising, leaving lots of income potential on the table
Ready for new owner to capitalize by updating the units, maximizing rents and extracting substantial value
Strategically located along the I-95 corridor between Rocky Mount and Wilson, attracting tenants who commute to and from either market

Photos

Financials

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Location

Contact

TeamMembers-WayneBraren-Color-340x340

Wayne Braren

919-861-9730
Wayne@ApartmentCore.com
TeamMembers-MikeSiciliano-Color-340x340

Mike Siciliano

919-861-9730
Mike@ApartmentCore.com
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Justin Reilly

919-861-9730
Justin@ApartmentCore.com

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