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229 Wilson St NW 7 Unit Apartment Building Offered at $1,712,137 CAD Lenoir, NC 28645
Executive Summary
Multi-Unit Investment Opportunity with Expansion Potential
This is a rare opportunity to acquire a multifamily property that offers both immediate cash flow and future development upside. Located on a parcel previously approved for 15 residential units, this offering includes a completed 7-unit building
Property originally part of a larger 15-unit development plan
Zoning approval already secured for full build-out
In-progress legal separation of the two buildings to allow for individual sale or acquisition
——
Purchase both buildings together as a value-add multifamily investment
OR acquire either:
The completed 7-unit building for turnkey income
The unfinished structure for a build-to-suit or investment project
*****
Listing price is for the 7 units finished building
This is a rare opportunity to acquire a multifamily property that offers both immediate cash flow and future development upside. Located on a parcel previously approved for 15 residential units, this offering includes a completed 7-unit building
Property originally part of a larger 15-unit development plan
Zoning approval already secured for full build-out
In-progress legal separation of the two buildings to allow for individual sale or acquisition
——
Purchase both buildings together as a value-add multifamily investment
OR acquire either:
The completed 7-unit building for turnkey income
The unfinished structure for a build-to-suit or investment project
*****
Listing price is for the 7 units finished building
Property Facts
| Price | $1,712,137 CAD | Building Class | C |
| Price Per Unit | $244,591 CAD | Lot Size | 314.00 AC |
| Sale Type | Investment | Building Size | 14,000 SF |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| No. Units | 7 | Year Built/Renovated | 1967/2024 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | Residential - Multi-family | ||
| Price | $1,712,137 CAD |
| Price Per Unit | $244,591 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 7 |
| Property Type | Multifamily |
| Building Class | C |
| Lot Size | 314.00 AC |
| Building Size | 14,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1967/2024 |
| Opportunity Zone |
Yes |
| Zoning | Residential - Multi-family |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Granite Countertops
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 09-32-1-2 | Improvements Assessment | $915,240 CAD |
| Land Assessment | $80,128 CAD | Total Assessment | $995,368 CAD |
Property Taxes
Parcel Number
09-32-1-2
Land Assessment
$80,128 CAD
Improvements Assessment
$915,240 CAD
Total Assessment
$995,368 CAD
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Presented by
Eurostar Construction Inc
229 Wilson St NW
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