Tribek Court

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Tribek Court

Burlington, NC 27215
Asking Price
$3.30M
Asset Type
Student Housing Multifamily
Class
Class B

What's Special

City Point Townhomes PACKAGE DEAL <ul><li>​Offering: 11 townhomes — bulk sale</li><li>​Price: $3,300,000 (all 11)</li><li>​Price per unit: $300,000</li><li>​Price per ft²: approx. $130 – $145 (based on 2,000 – 2,400 ft² per unit)</li><li>​Unit mix: 3–4 bedrooms, 2,000–2,400 ft²</li><li>​Highest appeal: wholesale pricing for rental portfolio or resale flips</li><li>​Location highlights: minutes to grocery, Lowe’s, shopping, and interstate access</li></ul>

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NOI
$80,000
Cap Rate
2.42%
DSCR
0.41
Underwater
Cash-on-Cash
-11.71%
Monthly Payment
$16,326.599
Annual Cash Flow
$-115,919.193

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