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1813 Younger Ave 6 Unit Apartment Building Offered at $1,648,054 CAD at a 9.02% Cap Rate Statesville, NC 28677
Investment Highlights
- $9,300/month current gross income across 5 occupied units
- Built-in equity on every single property — priced below market
- HUD-guaranteed rent on 3 properties — zero collection risk
Executive Summary
$9,300/month current gross income across 5 occupied units
• HUD-guaranteed rent on 3 properties — zero collection risk
• Built-in equity on every single property — priced below market
• All renovated, all month-to-month — buy and operate immediately
• 1.68 acres of development land with $832K ARV included in the deal
• HUD-guaranteed rent on 3 properties — zero collection risk
• Built-in equity on every single property — priced below market
• All renovated, all month-to-month — buy and operate immediately
• 1.68 acres of development land with $832K ARV included in the deal
Property Facts
| Price | $1,648,054 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $274,676 CAD | Lot Size | 0.86 AC |
| Sale Type | Investment | Building Size | 9,554 SF |
| Cap Rate | 9.02% | No. Stories | 1 |
| No. Units | 6 | Year Built | 1960 |
| Property Type | Multifamily |
| Price | $1,648,054 CAD |
| Price Per Unit | $274,676 CAD |
| Sale Type | Investment |
| Cap Rate | 9.02% |
| No. Units | 6 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Lot Size | 0.86 AC |
| Building Size | 9,554 SF |
| No. Stories | 1 |
| Year Built | 1960 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 4734-02-9975.000 | Improvements Assessment | $180,377 CAD |
| Land Assessment | $22,600 CAD | Total Assessment | $202,977 CAD |
Property Taxes
Parcel Number
4734-02-9975.000
Land Assessment
$22,600 CAD
Improvements Assessment
$180,377 CAD
Total Assessment
$202,977 CAD
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Presented by
Kiasha
1813 Younger Ave
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