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715 US Highway 70 E
Hillsborough, NC 27278
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B
What's Special
Land | 13.44 acres <p>This ±13.44-acre residential development opportunity is located along US Highway 70 in Hillsborough, NC, approximately 1.5 miles from Historic Downtown Hillsborough. The site offers strong visibility and accessibility within one of the Triangle's steadily growing residential corridors.</p><p>Zoned MF (Multifamily), the property has a site plan in approval for 67 townhomes, presenting an opportunity for developers seeking a well-positioned residential project within close proximity to Chapel
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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
