158 Yadkin Trl - Apartments FOR SALE
Raeford, NC 28376 |
$5,995,000 USD
919-861-9730
158 Yadkin Trl
Raeford, NC 28376
HIGHLIGHTS
- PRICE REDUCED ON 48-UNIT AFFORDABLE HOUSING just outside Fayetteville, North Carolina
- 2025 RENT INCREASE ALREADY APPROVED with opportunity to renegotiate rents every year (HAP Contract in place until January 2034)
- GUARANTEED INCOME WITH SIGNIFICANT UPSIDE based on lack of available Affordable Housing options and rising rental rates
- Adjacent to Hoke County High School which has a $78M expansion plan and brand new construction project already under way
- Raeford is the hub of Hoke County with lots of revitalization currently in progress for the downtown and surrounding areas
FOR SALE DETAILS
PRICE
$5,995,000 USD
PRICE/SF
$125 USD /SF
# OF UNITS
48
PRICE/UNIT
$124,896
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Yadkin Trail Affordable Housing
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1983
PARKING SPACES
-
LAND DETAILS
LAND ACRES
14.86 AC
LAND SF
647,302 SF
ZONING
-
APN/PARCEL ID
694340901136
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919-861-9730
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919-861-9730
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