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4507 Greenway Ave 6 Unit Apartment Building $2,824,080 CAD ($470,680 CAD/Unit) 7.69% Cap Rate Wilmington, NC 28403

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Executive Summary

Rare opportunity to acquire a 6-unit multifamily portfolio consisting of three duplex buildings plus an additional development parcel near UNCW and the S. Kerr Avenue corridor

Property Facts

Price	$2,824,080 CAD	Property Subtype	Apartment
Price Per Unit	$470,680 CAD	Building Class	B
Sale Type	Investment	Lot Size	0.84 AC
Cap Rate	7.69%	Building Size	9,792 SF
Sale Conditions	1031 Exchange Bulk/Portfolio Sale Redevelopment Project	No. Stories	2
No. Units	6	Year Built	2023
Property Type	Multifamily

Price	$2,824,080 CAD
Price Per Unit	$470,680 CAD
Sale Type	Investment
Cap Rate	7.69%
Sale Conditions	1031 Exchange Bulk/Portfolio Sale Redevelopment Project
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Building Class	B
Lot Size	0.84 AC
Building Size	9,792 SF
No. Stories	2
Year Built	2023

1 1

Moderately walkable

60/100

Very drivable

80/100

Some public transit

50/100

Moderately bikeable

70/100

Source: Local Logic^®

Property Taxes

Parcel Numbers	Multiple R04919-008-001-000 R04919-008-002-000 R04919-008-114-000	Improvements Assessment	$2,101,475 CAD
Land Assessment	$482,301 CAD	Total Assessment	$2,583,777 CAD