Skip to main content

Multifamily

40 Oaks Portfolio

313 Meredith Ave, Lexington, NC 27292

Listing Price: $1,825,000

Cap Rate
3.73%
Number of Units
23
Price/Unit
$79,348
Price/Gross SF
$92.17
Gross SF
19,800

Investment Overview

Marcus & Millichap is pleased to present is pleased to present the exclusive opportunity to acquire The 40 Oaks - Lexington Portfolio in Lexington, North Carolina. Located just minutes from downtown Lexington the properties are within walking distance of South Main Street, providing residents with access to an array of retailers and local restaurants, including Village Grill, Rustic Roots, The Eatery, Southern Lunch, ALDI, and CVS. The assets are also in close proximity to I-85 and I-285, providing easy accessibility to many of the area’s top employers as well as Winston-Salem, Greensboro, and Charlotte. Consisting of 23 units, Lexington Portfolio offers residents well maintained, spacious, two-bedroom, 1 bath, duplex/triplex style floorplans. Unit amenities include washer dryer connections, private porches, and storage space. Continued growth within the Lexington market and the property’s strong positioning within the immediate area provides new ownership the outstanding opportunity to increase rents and capitalize upon the growth within the surrounding submarket.

Investment Highlights

  • Convenient Location with Easy Accessibility to Major Employers, Retail Corridors, Highways, and Schools
  • Desirable Duplex/Triplex Asset with Continued Rent Growth Potential
  • Recently Renovated Units
  • Strong Market Fundamentals Combined with Growing Demographics in the Surrounding Area

Exclusively Listed By

Multifamily

40 Oaks Portfolio

Listing Price: $1,825,000

Cap Rate
3.73%
Number of Units
23
Price/Unit
$79,348
Price/Gross SF
$92.17
Gross SF
19,800

Investment Highlights

  • Convenient Location with Easy Accessibility to Major Employers, Retail Corridors, Highways, and Schools
  • Desirable Duplex/Triplex Asset with Continued Rent Growth Potential
  • Recently Renovated Units
  • Strong Market Fundamentals Combined with Growing Demographics in the Surrounding Area

Investment Overview

Marcus & Millichap is pleased to present is pleased to present the exclusive opportunity to acquire The 40 Oaks - Lexington Portfolio in Lexington, North Carolina. Located just minutes from downtown Lexington the properties are within walking distance of South Main Street, providing residents with access to an array of retailers and local restaurants, including Village Grill, Rustic Roots, The Eatery, Southern Lunch, ALDI, and CVS. The assets are also in close proximity to I-85 and I-285, providing easy accessibility to many of the area’s top employers as well as Winston-Salem, Greensboro, and Charlotte. Consisting of 23 units, Lexington Portfolio offers residents well maintained, spacious, two-bedroom, 1 bath, duplex/triplex style floorplans. Unit amenities include washer dryer connections, private porches, and storage space. Continued growth within the Lexington market and the property’s strong positioning within the immediate area provides new ownership the outstanding opportunity to increase rents and capitalize upon the growth within the surrounding submarket.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower