$995,000
PENDING

Estimated payment $6,416/month

Total Views 224
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Deck
  • Front Porch
  • Central Air
  • Wood Flooring

About This Home

Welcome to Woodlea Apartments! — 18 spacious units, situated in a quiet neighborhood within walking distance of shopping centers, the YMCA, and FTCC. Each apartment features generous layouts ranging from 1,000 to 1,050 square feet, highlighted by hardwood and tile flooring; equipped with in-home washer/dryer hookups, dishwasher, and large storage closets.

Investment highlights include annual gross rent of $145,062 and a Cap rate of approximately 8%. Currently the apartments are at 100% occupancy.

Must have 48 hour notice to view the property.

Listing Agent

Franklin Johnson

FRANKLIN JOHNSON COMMERCIAL REAL ESTATE License #146789 Listed on: 07/24/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1963

Home Design

  • HardiePlank Type

Flooring

  • Wood
  • Tile

Outdoor Features

  • Deck
  • Front Porch

Schools

  • Nick Jeralds Middle School
  • Terry Sanford Senior High School

Utilities

  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 0428-31-4210 & 0428-40-1907

Community Details

Overview

  • 18 Units
  • Woodlea Subdivision

Building Details

  • Gross Income $145,062

Property Details

Home Type

Apartment

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Multi Family
  • Ownership: More than a year
  • Subdivision Name: WOODLEA
  • Structure Type: Townhouse
  • Year Built: 1963
  • Property Sub Type Additional: Townhouse,Apartment
  • Special Features: None

Interior Features

  • Owner Pays: Common Area Maintenance, Exterior Maintenance, Grounds Care, HVAC Maintenance, Insurance
  • Flooring: Hardwood, Tile

Exterior Features

  • Construction Type: Brick, HardiPlank Type
  • Exterior Features: Deck, Porch
  • Patio And Porch Features: Deck, Front Porch, Porch

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • High School: Terry Sanford Senior High
  • Middle Or Junior School: Nick Jeralds Middle School

Lot Info

  • Parcel #: 0428-31-4210 & 0428-40-1907
  • Zoning Description: SF6 - Single Family Res 6

Multi Family

  • Number Of Units Total: 18
  • Annual Gross Income: 145062.0
  • Above Grade Finished Area Units: Square Feet

Map

Range of Values:

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 Pending -- -- --
07/24/2025 07/24/25 For Sale $995,000 0.0% --
06/03/2024 06/03/24 Rented $800 0.0% --
05/15/2024 05/15/24 For Rent $800 -- --
Source: Longleaf Pine REALTORS®

Source: Longleaf Pine REALTORS®

MLS Number: 747639

Longleaf Pine REALTORS®