Multi-Family Offering - Opportunity Zone

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30470947
Status: Pending
Number of Units: 20 Units
Building Size (RSF): 28,940 SF
Gross Land Area: 2 Acres
Sale Price: $3,200,000
Unit Price: $160,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Woodburn Village
Usable Size (USF): 28,940 SF
Sale Terms: Cash to Seller
Cap Rate: 7.59%
Average Occupancy Rate: 100
Last Updated: 10/21/2019

Overview / Comments

New Multi-Family development completed in Spring 2019 located in an Opportunity Zone in NC's fastest growing County. This project features 3 buildings, for a total of 20 Town Homes. Each unit is 1442 sf all other areas. Stainless steel appliances, granite kitchen counters, pantry, washer/dryer, smooth ceilings, patio with privacy fence, and outside storage area.

Located directly across from Leland Municipal Park which includes 8 acres of open green space, gazebo, picnic tables, playround, and paved multi-use path. Within walking distance to local restaurants and shopping.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: Town of Leland
Tax ID/APN: 038AB006
Zoning: C-1
Percent Occupied: 100%
Property Located Between: corner of Village Road & Dresser Land
Highway Access: just off Hwy 74/76
Site Description: corner location
Total Number of Buildings: 3
Property Condition: Excellent
Number of Stories: 2
Year Built: 2019
Parking Type: Surface
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Plat Bk 105 Pg 25 Brunswick County Register of Deeds

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,176 13,454 49,488
Median Age: 35.59 39.68 37.64
Households: 1,675 5,592 21,192
The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.