2027- 2035 Cabin Lane

Multi-Family
Pending

2027 - 2035 Cabin Ln, StanleyNC 28164

Property Details

Location

Address
2027 - 2035 Cabin Ln, StanleyNC 28164
County
Lincoln
Submarket
Parcels
3691621903

Building Size

Building Size
4,592 SF
Rentable Space
4,592 SF

Building Details

Type
 Multi-Family  
 Pending
Number of Buildings
1
Occupancy Type
Multi-tenant
Number of Tenants
5
Percent Occupied
100%
Building Class
B
Building Status
Existing
Floors
2
Year Built
1984
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
0.75 Acres
Land (SF)
32,670 SF
Water Rights
Yes
Rail Service
No
Zoning
Lot Depth
Lot Width
Stand. Electric
Yes

Contacts

Current Listings

Multi-Family 5-unit Appartment

4,592 SF$685,000
Cap Rate: 5.63%
New Branch Real Estate Advisors

- Purchase Price: $685,000

- Value Add Opportunity

- +/-4,592 Total Sq. Ft.

.- 75 Acres, Room For Expansion

- Water (Separately Metered)

- Sewer Access (County Tap Paid)

This investment multi-family opportunity is located in Lowesville, near Lake Norman and the rapidly growing Denver sub-market.  Less than 3 miles from Walmart, Publix, Lowes, Harris Teeter, Food Lion, medical offices, banks, retail centers, gyms, and much more.  Close proximity to the new Hwy 16 that allows a convenient, low traffic drive into Charlotte. All existing tenants are on month to month leases, providing flexibility to achieve higher profitability by re-tenanting the property at market rents.

Total Square Feet: 4,592

Bedrooms: 2 per unit, 10 total

Bathrooms: 1.5 baths, 7.5 total

Year Built: 1984, renovated in 2014/16.

Total Acres: .75, area to expand and add additional units.

Zoning: Lincoln County, R-T (Residential transitional).

County Website: "Established to accommodate a wide variety of residential oriented uses in portions of the County which to date have not experienced significant amounts of growth. Areas zoned R-T should be viewed as development "holding zones".

Parking Spaces: +/-14 parking spaces with room to expand.

HVAC: Heat pump.

HVAC Systems: Unit # 1 & 3: Installed 2015, Unit #2: Installed 2013, Unit #4: Installed 2008,

Unit #5: Installed 2014

Roofing: 30 Year architectural shingle, installed in 2010.

Floor: Concrete slab on first floor with durable VCT tile floors and hardwood on the second floor.

New Branch Real Estate Advisors

- Purchase Price: $685,000

- Value Add Opportunity

- +/-4,592 Total Sq. Ft.

.- 75 Acres, Room For Expansion

- Water (Separately Metered)

- Sewer Access (County Tap Paid)

This investment multi-family opportunity is located in Lowesville, near Lake Norman and the rapidly growing Denver sub-market.  Less than 3 miles from Walmart, Publix, Lowes, Harris Teeter, Food Lion, medical offices, banks, retail centers, gyms, and much more.  Close proximity to the new Hwy 16 that allows a convenient, low traffic drive into Charlotte. All existing tenants are on month to month leases, providing flexibility to achieve higher profitability by re-tenanting the property at market rents.

Total Square Feet: 4,592

Bedrooms: 2 per unit, 10 total

Bathrooms: 1.5 baths, 7.5 total

Year Built: 1984, renovated in 2014/16.

Total Acres: .75, area to expand and add additional units.

Zoning: Lincoln County, R-T (Residential transitional).

County Website: "Established to accommodate a wide variety of residential oriented uses in portions of the County which to date have not experienced significant amounts of growth. Areas zoned R-T should be viewed as development "holding zones".

Parking Spaces: +/-14 parking spaces with room to expand.

HVAC: Heat pump.

HVAC Systems: Unit # 1 & 3: Installed 2015, Unit #2: Installed 2013, Unit #4: Installed 2008,

Unit #5: Installed 2014

Roofing: 30 Year architectural shingle, installed in 2010.

Floor: Concrete slab on first floor with durable VCT tile floors and hardwood on the second floor.

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.

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