Hatch Apartments | 738 Boyte St
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Hatch Apartments 738 Boyte St
10 Unit Block of Flats £1,118,093 (£111,809/Unit) 6.52% Net Initial Yield Monroe, NC 28110
Investment Highlights
- Updated interiors in all units.
- Easy and accessible access
- Close to Hwy. 74, grocery stores and multiple retail operations
Executive Summary
This is a turn key investment opportunity for someone who is looking for a plug and play opportunity. All 10 units have been 100% updated inside with new LVP flooring throughout, new appliances, countertops, cabinets and vanities. Most of the HVAC units and hot water heaters have been replaced and are 3 years or newer in the majority of the units. With all of the units 100% rented at market prices this is about as turn key of an investment that is currently on the market for a smaller apartment complex.
Property Facts
| Price | £1,118,093 | Apartment Style | Low Rise |
| Price Per Unit | £111,809 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.73 AC |
| Net Initial Yield | 6.52% | Building Size | 6,384 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 10 | Number of Floors | 1 |
| Property Type | Residential | Year Built/Renovated | 1989/2022 |
| Property Subtype | Apartment | Parking Ratio | 2.35/1,000 SF |
| Price | £1,118,093 |
| Price Per Unit | £111,809 |
| Sale Type | Investment |
| Net Initial Yield | 6.52% |
| Sale Conditions | 1031 Exchange |
| No. Units | 10 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 6,384 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built/Renovated | 1989/2022 |
| Parking Ratio | 2.35/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Family Room
- Freezer
- Vinyl Flooring
Site Amenities
- Rubbish Collection - Kerbside
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 6 | £761.43 | 585 |
| 2+1 | 4 | £949.78 | 715 |
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PROPERTY TAXES
| Parcel Number | 09-228-001 | Improvements Assessment | £256,079 |
| Land Assessment | £14,828 | Total Assessment | £270,907 |
PROPERTY TAXES
Parcel Number
09-228-001
Land Assessment
£14,828
Improvements Assessment
£256,079
Total Assessment
£270,907
zoning
| Zoning Code | AW7 (This property is zoned for a multi-family use.) |
| AW7 (This property is zoned for a multi-family use.) |
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Presented by
Syndicate Realty, Inc
Hatch Apartments | 738 Boyte St
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