Share this listing
Pre-formatted captions, a short link, and a QR code — ready to paste.
Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…
615 South Kerr Avenue
Wilmington, NC 28403
Asking Price
$11.84M
Cap Rate
6%
Asset Type
Student Housing Multifamily
Class
Class B
What's Special
6% CAP + Value Add Student Housing <ol><li>6% CAP in-place based on T12 data</li><li>Currently over 90% Occupancy</li><li>Located within Walking distance to UNC-Wilmington</li></ol>
Free Valuation Calculator
No login requiredRun the numbers on this deal. All calculations are estimates — verify with your lender and accountant.
NOI
$80,000
Cap Rate
0.68%
DSCR
0.11
Underwater
Cash-on-Cash
-17.54%
Monthly Payment
$58,590.229
Annual Cash Flow
$-623,082.742
