306 W Pine St

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306 W Pine St

Goldsboro, NC 27530
Asking Price
$950K
Asset Type
Multifamily
Class
Class B

What's Special

306 West Pine Street is located in the downtown district of Goldsboro, North Carolina. The neighborhood features a mix of historic residential structures and evolving commercial spaces, characterized by its grid-pattern streets and proximity to the city’s central business core. Residents are within walking distance of local government offices, the Wayne County Public Library, and the diverse dining and retail options along Center Street. The property offers straightforward access to U.S. Route 70 and Interstate 795, facilitating regional transit throughout Wayne County. As a multifamily asset, this location is suited for affordable or workforce housing developments. The proximity to major employers, including Seymour Johnson Air Force Base and local healthcare facilities, makes it an ideal residence for service members, municipal employees, and young professionals seeking an urban living environment. The site provides a functional footprint for investors looking to provide high-density housing that leverages the ongoing revitalization efforts within Goldsboro’s historic downtown perimeter.

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NOI
$80,000
Cap Rate
8.42%
DSCR
1.42
Strong
Cash-on-Cash
8.28%
Monthly Payment
$4,700.082
Annual Cash Flow
$23,599.02

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