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Multifamily HUD

The Oaks Apartments

100 - 109 Allen Ct, Four Oaks, NC 27524

Listing Price: $3,500,000

Cap Rate
5.28%
Number of Units
41
Occupancy
93.0%
Price/Unit
$85,366
Price/Gross SF
$83.04
Gross SF
42,150

Investment Overview

The McDaniel Team of Marcus & Millichap are pleased to present The Oaks, a 41-unit Affordable Housing Apartment building in Four Oaks, NC. This Asset is only 7 minutes from the Smithfield mall, 45 minutes to Fort Bragg, and 45 minutes to downtown Raleigh. This Tertiary market is an up-and-coming market with two major industrial complexes coming online. Novo Nordisk Pharmaceutical Industries is investing $175 million over the next 2-3 years. And Grifols, a Spain Based Pharmaceutical company employing over 1,600 people in Johnston County, is investing $430 million for an expansion project. The main diving factor for the industrial growth in this region is the quick access to the research triangle and other areas due to the proximity to Interstate 95, Interstate 40, and Highway 70.

Investment Highlights

  • Proximity to Smithfield mall the largest retail center outside Raleigh, with 82 shops on site and several other dining and retail options on the satellite properties around the mall.
  • Job growth in Johnston County is increasing due to the Affordable land with direct access to the research triangle. Two companies within minutes of The Oaks are investing over $500 million combined.
  • An extremely well-maintained property, turnkey ready affordable housing property.

Exclusively Listed By

Multifamily HUD

The Oaks Apartments

Listing Price: $3,500,000

Cap Rate
5.28%
Number of Units
41
Occupancy
93.0%
Price/Unit
$85,366
Price/Gross SF
$83.04
Gross SF
42,150

Investment Highlights

  • Proximity to Smithfield mall the largest retail center outside Raleigh, with 82 shops on site and several other dining and retail options on the satellite properties around the mall.
  • Job growth in Johnston County is increasing due to the Affordable land with direct access to the research triangle. Two companies within minutes of The Oaks are investing over $500 million combined.
  • An extremely well-maintained property, turnkey ready affordable housing property.

Investment Overview

The McDaniel Team of Marcus & Millichap are pleased to present The Oaks, a 41-unit Affordable Housing Apartment building in Four Oaks, NC. This Asset is only 7 minutes from the Smithfield mall, 45 minutes to Fort Bragg, and 45 minutes to downtown Raleigh. This Tertiary market is an up-and-coming market with two major industrial complexes coming online. Novo Nordisk Pharmaceutical Industries is investing $175 million over the next 2-3 years. And Grifols, a Spain Based Pharmaceutical company employing over 1,600 people in Johnston County, is investing $430 million for an expansion project. The main diving factor for the industrial growth in this region is the quick access to the research triangle and other areas due to the proximity to Interstate 95, Interstate 40, and Highway 70.

Exclusively Listed By

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