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Multifamily

21 Unit Rental Portfolio in Coastal North Carolina

1201 Simmons St, New Bern, NC 28560

Listing Price: $1,950,000

Cap Rate
6.00%
Number of Units
21
Occupancy
95.0%
Price/Unit
$92,857

Investment Overview

21 Unit Income-Producing Rental Portfolio in Craven County, North Carolina

Investment Highlights

  • 21 Unit Income-Producing Rental Portfolio in Craven County, North Carolina
  • 15 Units are in the City of New Bern, NC
  • Voted "Top 10 Best Small Towns in the South" by Southern Living Magazine; 2nd Oldest City in North Carolina, a Coastal and Boating-Centric City With Historic Charm
  • 6 of the New Bern Units are Townhomes in Fairfield Harbour, one of the Region's Award-Winning Coastal Resort Communities
  • The Remaining 6 Units (Duplex & Quadraplex) are in a Nearby City to the South, Havelock, Home to Marine Corps Air Station Cherry Point, the World's Largest Marine Corps Air Station
  • Portfolio Consists of 9 Single-Family Homes, 6 Townhome Units, One Duplex & One Quadraplex
  • Portfolio Offered at $98.17/SF | Average Sale Price/SF on Single-Family Homes in New Bern During September 2021 was $110/SF

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Financing By

Multifamily

21 Unit Rental Portfolio in Coastal North Carolina

Listing Price: $1,950,000

Cap Rate
6.00%
Number of Units
21
Occupancy
95.0%
Price/Unit
$92,857

Investment Highlights

  • 21 Unit Income-Producing Rental Portfolio in Craven County, North Carolina
  • 15 Units are in the City of New Bern, NC
  • Voted "Top 10 Best Small Towns in the South" by Southern Living Magazine; 2nd Oldest City in North Carolina, a Coastal and Boating-Centric City With Historic Charm
  • 6 of the New Bern Units are Townhomes in Fairfield Harbour, one of the Region's Award-Winning Coastal Resort Communities
  • The Remaining 6 Units (Duplex & Quadraplex) are in a Nearby City to the South, Havelock, Home to Marine Corps Air Station Cherry Point, the World's Largest Marine Corps Air Station
  • Portfolio Consists of 9 Single-Family Homes, 6 Townhome Units, One Duplex & One Quadraplex
  • Portfolio Offered at $98.17/SF | Average Sale Price/SF on Single-Family Homes in New Bern During September 2021 was $110/SF

Investment Overview

21 Unit Income-Producing Rental Portfolio in Craven County, North Carolina

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

Financing By

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