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Clyde Street Apartments 119 Clyde St 16 Unit Apartment Building $1,660,068 CAD ($103,754 CAD/Unit) 6.18% Cap Rate Spindale, NC 28160
INVESTMENT HIGHLIGHTS
- Eleven units fully remodeled with modern finishes
- Balanced unit mix: 2-bed and 3-bed apartments
- Baseboard heat and window AC units in all units
- Durable cinder block construction for low maintenance
- Tenants pay utilities; owner covers lawn care
- Strong value-add potential across remaining units
EXECUTIVE SUMMARY
Investors Special!! Portfolio consist of 4 duplexes and 2 quadplexes. Duplexes are made of cinder block and are low maintenance. Duplexes are all two bed one bath apartments. Quadplexes each have (2) 2 bedroom 1 bath apartments and (2) 3 bedroom 1 bath apartments. Eleven of the 16 units have been remodeled with new flooring, paint, fixtures, countertops. Baseboard heat and window units. Tenants pay utilities. Lawn care paid by owner.
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
| Price | $1,660,068 CAD | Apartment Style | Garden |
| Price Per Unit | $103,754 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.04 AC |
| Cap Rate | 6.18% | Building Size | 12,284 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 94% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2023 |
| Property Subtype | Apartment | ||
| Zoning | R6 - Residential | ||
| Price | $1,660,068 CAD |
| Price Per Unit | $103,754 CAD |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.04 AC |
| Building Size | 12,284 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2023 |
| Zoning | R6 - Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Ceiling Fans
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | - | - |
| 2+1 | 4 | - | - |
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Paramont
Clyde Street Apartments | 119 Clyde St
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