Meredith Square Townhomes NEAR Campbell Uni. 601 Main St 36 Unit Apartment Building £3,948,556 (£109,682/Unit) Lillington, NC 27546

Prime Location! Walking Distance to Campbell University- 10 minutes to growing Lillington! Units have remained 100% occupied year after year with rent increases every year. Unit occupants are a good mix of students, faculty, and general public. Units are a mix of 1 bed 1 bath (2), 2 bed 2.5 bath (33), and 3 bed 3 bath (1) with Vinyl and Brick exterior on slab, all units ground level entrance. Plenty of parking for occupants and visitors, each individually metered, all electric units. Included with each unit is Fridge, Stove, Washing Machine, Dryer, garbage dumpster, ground care. Onsite office that is currently used for storage by the property management and maintenance crew.
Property management company is owed by the owners and are more than happy to continue management. Tenants are registered with online management program for rent pay and work orders.
Units have been maintained as needed- All new roofs 2016, AC units and appliances have been replaced as needed, work orders are completed as they are submitted, approx. 50% of units have been replaced with LVP flooring on the main level and in the bathrooms, carpet replaced as needed. All tenants have a deposit in trust.
ADDITIONALLY: 3 acres of cleared land for 24 additional units, 4 buildings with 6 units each, already addressed by Harnett County and plans in hand. All utilities are at the road. Plans will be conveyed to the buyer at closing
Owner has quote for build out of 24 units and upgrading 36 units to equal the new 24 new units. Could be a total of 60 units.
Note: Listing agent is part owner in the property. Buyers will be referred to buyers agent in office.