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GASTON BLVD
NEW BERN, NC 28560
Asking Price
$194K
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Approx 2 ac, new survey, growing area in popular New Bern, North Carolina <p><span style="color: rgba(0, 0, 0, 1)">Seller Financing Available! Rare opportunity for nearly 2 acre R-6 zoned lot in the warm heart of New Bern. Ideal location for multi-family housing or senior apartments. City recreation center is next door, as well as close to the hospital and historic downtown New Bern! Access to all municipal utilities. </span></p>
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NOI
$80,000
Cap Rate
41.24%
DSCR
6.95
Strong
Cash-on-Cash
117.67%
Monthly Payment
$959.757
Annual Cash Flow
$68,482.92