Luxury Apartment Building at the Lofts At University Hall Drive with 48 Units. There have never been any vacancies, and apartments are rented only to graduate students and professionals. Amenities include: AppalCart pickup at front door, gated entry, elevator, hardwood floors, full kitchen with dishwasher, bar top area in kitchen, pendant lights, large closet storage, lots of storage, full bathroom with tub and shower, full size washer and dryer, large sunny windows, 1 mile to Appalachian State University's Campus so close enough to walk, bike, or ride the bus, 1/2 mile to Boone Mall and Harris Teeter, beautiful wooded setting, and All units non-smoking and Unfurnished. Visit https://www.loftsatuniversityhall.com for current pricing, floor plans, etc. This building has been meticulously maintained and a list of all improvements and maintenance are uploaded in documents. Cap Rate is right at 6 percent. This property rests in a designated Qualified Opportunity Zone which allows special tax incentives for investors meeting the QOZ requirements.
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