Tribek Court

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Tribek Court

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

What's Special

Tribek Court is situated in eastern Burlington, North Carolina, positioned within a established residential corridor near the intersection of North Anthony Street and Graham-Hopedale Road. The property offers proximity to local retail centers, grocery stores, and elementary schools, reflecting a suburban neighborhood character. Residents benefit from direct access to Interstate 40 and Highway 70, facilitating commutes to major employment hubs in the nearby Piedmont Triad and Research Triangle regions. The asset is structured for multifamily residential use, well-suited for a workforce housing model or long-term rental investment. The typical tenant profile includes localized employees seeking functional housing near regional manufacturing and distribution centers. Given its layout and central location between Greensboro and Durham, the property is positioned to serve individuals and small households requiring reliable access to regional transit routes.

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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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