Gomberg Report >
North Carolina

Updated 5/2/2012
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Town
Property Description
Asking Price
Gross Income
Gross Multiplier
PPU
Comments
Contact Broker
Concord
78 unit
3.25M
85% Financing Available
486,000
6.68
41,666
1996 Apartment complex with 66 1BR/1B and 12 2BR/2BA units. Situated on 5.59 acres and located next to Mall and Hospital.
Steve Ross 704-792-1900
Durham
41 unit
2.15M
85% Financing Available
NOI=202K
52,439

Desirable Durham multi-family complex for sale...98% occupied...NOI 202K...9.4 Cap Rate The neighborhood is "C"...Located 2 Miles from Duke University

Scott Bayer 336-314-6169
Gastonia
69 units
2.925M
85% Financing Available
NOI=219K
42,391
Garden style apartments. Comprised of 7 buildings. 2 story. Masonry/siding. Built in 1983/1985. Average size of 1BR =627SF. Average size of 2BR =1024SF. 1BR/1BA =32 units. 2BR/2BA =37 units.
Jeff Mathis 704-906-2875
Greenville
44 unit
2.75M
85% Financing Available
62,500
Medical Park West is a well maintained 44 unit townhome complex situated on 3 acres near Pitt County Hospital. Townhomes are all 2 bedroom, with either 1 1/2 or 2 1/2 bathrooms. Construction is brick and vinyl siding, completed in 1995.
Terry Kearns 910-231-4908
Marion
44 unit
1.7M
85% Financing Available
NOI= 170K
38,636
The complex was built in different stages averaging 2 buildings a year beginning in 1978 and completed in 1982. Totaling 10 Buildings, 2 six plex & 8 four plex, with 49,579 Sq Ft. Containing 6 three bedrooms
& 38 two bedrooms. Situated on 6.85 acres. 
Phillip Byrd 828-688-3921
Salisbury
98 unit
2.985M
85% Financing Available
NOI=260K
30,459
Property consists of 1,2, and 3 bedroom units. The property consistently stays above 90% in occupancy and should see slight rent growth going forward. 
Drew Babcock 803-678-4921