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309 W Morgan St
Wadesboro, NC 28170

$499,000 USD

Apartments For Sale  •  5,093 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,093 SF
  • Lot Size 0.5 AC
  • Building Class C
  • Year Built 1890
40 Walk Score

Highlights

Fully occupied rental property in an underserved market. There is a waiting list to get into this property.
11% Cap Rate consistent cashflow netting over $50k+/yr. Coin operated laundry room is additional cashflow.
Located right off US-74 halfway between Charlotte and Wilmington. Walkable to downtown Wadesboro shops and dining.
See financials below for more information about this amazing opportunity.

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Drew Tatum 919-451-1509 Compass
Drew Tatum 919-451-1509 Compass