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200 N Gulf St 2 Unit Apartment Building Offered at $637,844 CAD at a 7.11% Cap Rate Sanford, NC 27330
Investment Highlights
- Walking distance to downtown business district
Executive Summary
Prime investment property. Cap rate includes taxes, insurance and maintenance
Beautifully renovated 1930 Duplex in the highly desirable Rosemount/McIver historic district.
Urban living close to downtown Sanford!
Perfect location for walking/biking to shops, Depot Park, restaurants, Temple Theater, art center, breweries, wine bar, Farmers market, etc
Each side of this duplex offers a bedroom/bath downstairs and a bedroom/bath upstairs with two large closets.
A private front porch, a 12x8 back deck and a private court yard.
Kitchen has granite counter tops, lots of counter/cabinet storage space and includes all appliances.
Beautifully renovated 1930 Duplex in the highly desirable Rosemount/McIver historic district.
Urban living close to downtown Sanford!
Perfect location for walking/biking to shops, Depot Park, restaurants, Temple Theater, art center, breweries, wine bar, Farmers market, etc
Each side of this duplex offers a bedroom/bath downstairs and a bedroom/bath upstairs with two large closets.
A private front porch, a 12x8 back deck and a private court yard.
Kitchen has granite counter tops, lots of counter/cabinet storage space and includes all appliances.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$51,488
|
$23.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$51,488
|
$23.40
|
| Taxes |
$3,290
|
$1.50
|
| Operating Expenses |
$2,835
|
$1.29
|
| Total Expenses |
$6,125
|
$2.78
|
| Net Operating Income |
$45,363
|
$20.62
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $51,488 |
| Annual Per SF | $23.40 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $51,488 |
| Annual Per SF | $23.40 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,290 |
| Annual Per SF | $1.50 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,835 |
| Annual Per SF | $1.29 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $6,125 |
| Annual Per SF | $2.78 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $45,363 |
| Annual Per SF | $20.62 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Deck
- Double Pane Windows
Site Amenities
- Courtyard
- Trash Pickup - Curbside
- Bicycle Storage
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $2,126 CAD | 1,100 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 9642-59-5900-00 | Total Assessment | $186,667 CAD |
| Land Assessment | $17,631 CAD | Annual Taxes | $3,290 CAD ($1.50 CAD/SF) |
| Improvements Assessment | $169,035 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
9642-59-5900-00
Land Assessment
$17,631 CAD
Improvements Assessment
$169,035 CAD
Total Assessment
$186,667 CAD
Annual Taxes
$3,290 CAD ($1.50 CAD/SF)
Tax Year
2025
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Wreck2right LLC
200 N Gulf St
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