1010 S Garnett Street

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1010 S Garnett Street

Henderson, NC 27536
Asking Price
$495K
Asset Type
Hotel Hospitality
Class
Class B

What's Special

Redevelopment opportunity at the signalized intersection of S.​ Garnett Street and Raleigh Road <ul><li>​HISTORICAL TAX CREDITS AVAILABLE! Redevelopment opportunity at the signalized intersection of S. Garnett Street and Raleigh Road – one of the busiest and most highly trafficked intersections in the city</li><li>​The property benefits from strong visibility, direct access to US-1, and proximity to I-85, providing convenient regional connectivity to Raleigh and Durham</li><li>​Originally constructed in 1949, the property consists of a 25-room former hotel with 4 additional apartment units

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NOI
$80,000
Cap Rate
16.16%
DSCR
2.72
Strong
Cash-on-Cash
34.08%
Monthly Payment
$2,448.99
Annual Cash Flow
$50,612.121

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