Stratton Place Apartments

Multi-Family: Low-Rise

121 Stratton Pl, WallaceNC 28466

Property Details

Location

Address
121 Stratton Pl, WallaceNC 28466
County
Duplin
Submarket
Parcels
239508892951
In Opportunity Zone
Yes

Building Size

Building Size
15,216 SF
Rentable Space
15,216 SF

Building Details

Type
 Multi-Family: Low-Rise
Number of Buildings
2
Number of Units
14
Occupancy Type
Single Tenant
Percent Occupied
Building Class
Building Status
Existing
Floors
2
Year Built
1972
Year Renovated
2008
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
1.07 Acres
Land (SF)
46,609 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
R-6
Lot Depth
Lot Width

Contacts

Current Listings

Stratton Place Apartments For Sale!

15,216 SF$1,500,000
Eastern Carolinas Commercial Real Estate

Located just outside of downtown Wallace this property is nestled amongst large standing oaks providing a quiet, private neighborhood for all tenants.

Originally constructed in 1972 to service the area's growing population, this property has maintained stable occupancy and rental rates due to very little competition in the market.

Stratton Place Apartments consists of 14 units across two buildings with surface parking between.

Excellent opportunity to increase rental rates and pass through expenses to increase return.

Ownership is currently upgrading two vacant units and replacing with tenants from existing wait list.

Contact agent for CA and property tours. Do not disturb tenants.

Eastern Carolinas Commercial Real Estate

Located just outside of downtown Wallace this property is nestled amongst large standing oaks providing a quiet, private neighborhood for all tenants.

Originally constructed in 1972 to service the area's growing population, this property has maintained stable occupancy and rental rates due to very little competition in the market.

Stratton Place Apartments consists of 14 units across two buildings with surface parking between.

Excellent opportunity to increase rental rates and pass through expenses to increase return.

Ownership is currently upgrading two vacant units and replacing with tenants from existing wait list.

Contact agent for CA and property tours. Do not disturb tenants.

View Details
View Details

Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: Cape Fear REALTORS®

More Information

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