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Multifamily

The Bellamy

10 W 6th Ave, Lexington, NC 27292

Listing Price: $1,550,000

Cap Rate
5.59%
Number of Units
12
GRM
11.55
Occupancy
100.0%
Price/Unit
$129,167
Price/Gross SF
$200.78
Gross SF
7,720

Investment Overview

Marcus & Millichap is pleased to present The Bellamy Apartments in Lexington, North Carolina. Situated on 6th Avenue just off Main Street, the property enjoys a prime location within walking distance of the revitalizing Uptown area, home to an array of shops, restaurants, and bars. This multifamily investment opportunity is well-suited for both seasoned and first-time investors seeking reliable income and long-term appreciation.

Lexington is a city known for its small-town charm, growing economy, and proximity to major urban centers. The local rental market benefits from consistent demand, supported by the area's affordability and access to Winston-Salem, Greensboro, and High Point. Additionally, Lexington is undergoing a strategic revitalization of its historic properties, encouraging mixed-use developments that combine upper-story residential and office space with street-level retail and dining. Investors also have the opportunity to implement final “last-mile” unit upgrades to drive rental premiums and further enhance asset value.

With ongoing community development efforts and North Carolina's broader economic growth, The Bellamy Apartments are well-positioned to deliver strong returns and long-term value appreciation.

Investment Highlights

  • Well-Maintained Asset with Value-Add Potential: Opportunity to implement final upgrades and increase rents.
  • Desirable Unit Mix: The property consists of four one-bedroom units and eight two-bedroom units.
  • Attractive Pricing Compared to Similar Markets: Offers strong value relative to other markets across North Carolina, appealing to investors seeking less competitive environments.
  • Strategic Location with Strong Tenant Demand: Centrally located near Winston-Salem, Greensboro, and High Point—providing access to major employment hubs and a growing renter base.
  • Supportive Market Fundamentals: Lexington's ongoing revitalization efforts and community investment enhance long-term growth potential and market stability.

Exclusively Listed By

Financing By

Multifamily

The Bellamy

Listing Price: $1,550,000

Cap Rate
5.59%
Number of Units
12
GRM
11.55
Occupancy
100.0%
Price/Unit
$129,167
Price/Gross SF
$200.78
Gross SF
7,720

Investment Highlights

  • Well-Maintained Asset with Value-Add Potential: Opportunity to implement final upgrades and increase rents.
  • Desirable Unit Mix: The property consists of four one-bedroom units and eight two-bedroom units.
  • Attractive Pricing Compared to Similar Markets: Offers strong value relative to other markets across North Carolina, appealing to investors seeking less competitive environments.
  • Strategic Location with Strong Tenant Demand: Centrally located near Winston-Salem, Greensboro, and High Point—providing access to major employment hubs and a growing renter base.
  • Supportive Market Fundamentals: Lexington's ongoing revitalization efforts and community investment enhance long-term growth potential and market stability.

Investment Overview

Marcus & Millichap is pleased to present The Bellamy Apartments in Lexington, North Carolina. Situated on 6th Avenue just off Main Street, the property enjoys a prime location within walking distance of the revitalizing Uptown area, home to an array of shops, restaurants, and bars. This multifamily investment opportunity is well-suited for both seasoned and first-time investors seeking reliable income and long-term appreciation. Lexington is a city known for its small-town charm, growing economy, and proximity to major urban centers. The local rental market benefits from consistent demand, supported by the area's affordability and access to Winston-Salem, Greensboro, and High Point. Additionally, Lexington is undergoing a strategic revitalization of its historic properties, encouraging mixed-use developments that combine upper-story residential and office space with street-level retail and dining. Investors also have the opportunity to implement final “last-mile” unit upgrades to drive rental premiums and further enhance asset value. With ongoing community development efforts and North Carolina's broader economic growth, The Bellamy Apartments are well-positioned to deliver strong returns and long-term value appreciation.

Exclusively Listed By

Financing By

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