6132 Modlin Grove Rd

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6132 Modlin Grove Rd

High Point, NC 27263
Asking Price
$1.15M
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel offered for sale in High Point
  • Total asking price set at one million one hundred fifty thousand dollars
  • Property located at 6132 Modlin Grove Rd in North Carolina
  • Asset provides significant development potential for residential housing projects
  • Well-situated site within a growing regional housing market

What's Special

This land parcel is currently available for sale and presents a clear path forward for developers focused on residential expansion in High Point, North Carolina. Positioned at 6132 Modlin Grove Rd, the site occupies a strategic footprint within the regional landscape. Given the consistent demand for new housing options in this part of the state, the property serves as an ideal foundation for a variety of residential projects. Investors and builders will find the site well-suited for neighborhood development, tapping into the broader growth patterns seen throughout the Piedmont Triad area. The location provides access to major regional thoroughfares, facilitating connectivity to surrounding employment hubs and essential infrastructure throughout the metro market. Its size and positioning offer project flexibility for those looking to capitalize on current housing needs. Whether planning a single-family community or an alternative residential configuration, this land asset provides a viable canvas for future construction.

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NOI
$80,000
Cap Rate
6.96%
DSCR
1.17
Tight
Cash-on-Cash
3.40%
Monthly Payment
$5,689.573
Annual Cash Flow
$11,725.13

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