3723 Angier Avenue

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3723 Angier Avenue

Durham, NC 27703-5725
Asking Price
Contact for price
Asset Type
Land
Class
Class B

What's Special

Land | 32.69 acres <ul><li>​<span style="font-size: 13px">In-Place Zoning with An Approved Development Plan for Up to 521 Units</span></li><li>​<span style="font-size: 13px">Robust Nearby Rent Comparables Averaging $1,753 per Unit ($1.85 Psf)</span></li><li>​<span style="font-size: 13px">Utility Capacity Confirmed via An Approved Utility Extension Agreement with The City of Durham</span></li><li>​<span style="font-size: 13px">Incredibly Well Located with Ease of Access to Employment in Downtown Durham (9 Minutes)

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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