The Campus Edge dormitory building is situated just one block from NCSU. The property is ideally located off a highly sought-after college street, ensuring consistent demand from students and young professionals. There is strong leasing demand via the property's proximity to campus and the Village District, making it an attractive rental opportunity with high-income potential. Comparable rental units in the area achieve impressive rates per bed. This income-producing asset has four bedrooms, each with three-and-a-half baths. It boasts a potential rental income of approximately $5,000 per month, supported by a strong rental market and high occupancy rates in the surrounding area. There is redevelopment potential being zoned RX-3, which offers flexible options for future development, including single-family, multifamily, or group living uses, providing an excellent long-term investment opportunity. Overall, tenants enjoy the features of a spacious four-car garage, walk-in closets, and strong lease demand offering a competitive edge in the rental market.
As an attractive asset to investors, inquire today to learn more about the additional benefits of rising rental rates and demand for student housing. The Campus Edge dormitory is a secure investment in a thriving market. It also has the same zoning as the apartment complex across the street!
Seller Financing Available: Seller is willing to finance a portion of the sale for qualified buyers.