Lockhaven & Scott Hills

103 E Lockhaven Drive, Goldsboro NC 27534

$ 3,995,000

Lockhaven & Scott Hills

103 E Lockhaven Drive, Goldsboro NC 27534
ASSET TYPEGarden Apartments
PRICE$ 3,995,000
PRICE PER UNIT$ 78,333
TOTAL UNITS51
OCCUPANCY98%
YEAR BUILT1973 & 1960
MARKETEastern North Carolina
STATUSIn Contract

Highlights

➤ 8.23% CAP RATE on 51 spacious apartment units in eastern North Carolina

➤ Offering includes two nearby properties: Lockhaven with 19 units and Scott Hills with 32 units

➤ Lockhaven is 95% occupied and operates at a significant profit with 10 units rented as fully furnished Executive Suites, and the remaining 9 units rented as regular unfurnished apartments

➤ Scott Hills is 100% occupied and just went through a major renovation including brand new roofs, siding, windows, parking lot surface and more

➤ Excellent opportunity to acquire 51 well-maintained units with a stable rental history and extremely strong financials

Photos

Location

Documents

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Contact

Mike Siciliano

919.861.9730 x2
Mike@ApartmentCore.com