85 Poplar St | Sparta, NC 28675
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- LoopNet Team
85 Poplar St
Sparta, NC 28675
Pine Ridge Apartments · Build-to-Rent Property For Sale
·
49 Units
INVESTMENT HIGHLIGHTS
- Assumable Fannie Mae Debt Offering Attractive Financing Terms
- Reliable, Income-Producing Asset with Stable Cash Flow
- Long-Term Value Appreciation in an Undersupplied Multifamily Market
- Strong Rental History with Consistently High Occupancy Rates
- Desirable Location in Sparta, North Carolina, a Growing Market with Rental Demand
- Limited Competition for Smaller Market
PROPERTY FACTS
| No. Units | 49 | Total Plot Size | 4.11 ac |
| Property Type | Build-to-Rent | Property Size | 46,796 sq ft |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Garden | Year Built | 1968 |
| Costar Property Class | C | ||
| Use Class | TOWN - Town | ||
| No. Units | 49 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Costar Property Class | C |
| Total Plot Size | 4.11 ac |
| Property Size | 46,796 sq ft |
| No. Floors | 2 |
| Year Built | 1968 |
| Use Class | TOWN - Town |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Disposal
- Kitchen
- Oven
- Range
- Carpet
- Grill
SITE AMENITIES
- Fitness Centre
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 11 | - | 400 |
| 1+1 | 11 | - | 600 |
| 2+1 | 19 | - | 800 |
| 2+1.5 | 5 | - | 775 |
| 3+1 | 3 | - | 825 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £825,170 | |
| Land Assessment | £203,993 | Total Assessment | £1,029,163 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£203,993
Improvements Assessment
£825,170
Total Assessment
£1,029,163
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