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Vanguard Morrisville
Morrisville, NC 27601
Asking Price
Contact for price
Asset Type
Commercial Multifamily
Class
Class B
What's Special
Multifamily <ul><li>±22.62 acres for sale</li><li>Zoned (OI) for a variety of commercial uses or multifamily development</li><li>Conveniently located off I-40 and Page Road, minutes from downtown Durham, RDU International Airport and Apple’s future campus</li><li>High historical rent growth for new product as demand continues to outpace supply</li></ul>
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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