Project Description
Mountain Brook Estates
| Price | $1,350,000 | Cap Rate | 6.38% |
| No. Units | 38 | No. Stories | 2 |
| Building Size | 19,248 SF | Year Built | 1984 |
| Price/Unit | $35,526.32 | Lot Size | 130,244 SF |
| Property Type | Multifamily | APN / Parcel ID | 03-80-1-44 |
| Property Sub-type | Garden/Low-Rise | Parking Ratio | 1.71 / 1,000 SF |
| Property Use Type | Investment |
Multifamily Property Description
Townhouse style apartments in Hudson, NC just 15 miles from Hickory. 38 units in 6 buildings. 30 units have 2 bedrooms, 1.5 baths. The remaining 8 units have 1 bedroom, 1 bath.
15 miles from Hickory and 70 miles northwest of Charlotte.
Highlights
- Professionally Managed
- 38 Units: 75% are 1 Bdrm, 1.5 Baths
- Siding Replaced on 5 of the 6 Buildings in the Last 5 Years
- Easily Accessible to Hickory, Lenoir, and Morganton
Financial Summary (Actual)
| Net Operating Income | $86,130 |
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