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North Carolina
Morresvile, NC - 57M
Morresvile
Multifamily 5-100
$
57000000
Morresvile
Description:
Details:
They are looking for between 275K-285K per unit (56-58M). The replacement cost is greater than the 275-285K a door they are asking for.
- No assumable debt as they are still on their construction loan.
- They are at 91% leased up.Keep in mind that they are still not quite yet stabilized and the financials will look better as the free rent lease incentives and charge offs are removed.
They were projecting a 3.0M NOI at Stabilization but they may end up a little below that.
Value Adds:
Miscellaneous:
More details:
$
57000000
Morresvile
CAP:
5.1% PF
Fee Paid By Buyer:
2%
NOI:
$3MM PFNOI
Assumable Loan:
Seller Carry:
Doors:
204
Parking:
Price per Door:
Keys:
Price per Key:
Assumable Amount:
Class:
A
Build Year:
2024
Reno Year:
Buildings:
Stories:
Under Roof SF:
Lot SF:
Zoning:
Contact us
For inquiries, reach out to taylor@introsatscale.com