Log In/Sign Up
Your email has been sent.
West Pine Lofts 306 W Pine St 18 Unit Apartment Building $1,429,229 CAD ($79,402 CAD/Unit) 7.08% Cap Rate Goldsboro, NC 27530
Investment Highlights
- Prime location less Than One Hour from Raleigh, NC, Providing Access to a Major Economic Hub
- Walking Distance to Downtown Goldsboro, Offering Employment, Retail, Dining, and Entertainment Options
- Minutes from Seymour Johnson Air Force Base, a Key Regional Employer with over 12,500 Personnel
- Less than two minutes to I-795 and Other Major Highways, Ensuring Quick Connectivity to Raleigh and other MSAs
Executive Summary
Marcus & Millichap is pleased to present West Pine Lofts, an 18-unit multifamily property located in Goldsboro, North Carolina. Positioned less than one hour from Raleigh, the property provides convenient access to one of North Carolina’s fastest-growing metropolitan areas. With immediate access to I-795 and other major highways, the property ensures seamless connectivity to Raleigh and other major MSAs. Additionally, West Pine Lofts is just minutes from Seymour Johnson Air Force Base, a major economic driver and top employer in the region, employing approximately 5,300 active-duty personnel, 5,100 family members, 1,200 civilians, and 900 reservists. Moreover, the property is within walking distance of Downtown Goldsboro, offering residents proximity to employment, retail, dining, and entertainment options.
The combination of a stable tenant base, strategic location, and potential for increased revenue positions this 18-unit asset as an attractive investment opportunity in an expanding North Carolina market.
The combination of a stable tenant base, strategic location, and potential for increased revenue positions this 18-unit asset as an attractive investment opportunity in an expanding North Carolina market.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,429,229 CAD | Apartment Style | Garden |
| Price Per Unit | $79,402 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.05 AC |
| Cap Rate | 7.08% | Building Size | 8,557 SF |
| No. Units | 18 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2015 |
| Property Subtype | Apartment | Parking Ratio | 2.34/1,000 SF |
| Zoning | CBDH - Central Business District | ||
| Price | $1,429,229 CAD |
| Price Per Unit | $79,402 CAD |
| Sale Type | Investment |
| Cap Rate | 7.08% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.05 AC |
| Building Size | 8,557 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2015 |
| Parking Ratio | 2.34/1,000 SF |
| Zoning | CBDH - Central Business District |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 450 |
| 1+1 | 11 | - | 600 |
| 2+1 | 1 | - | 750 |
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
West Pine Lofts | 306 W Pine St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.