Wild Geese Landing – 44 Units

UNDER CONTRACT

Waterstone Multi-Family Group is pleased to present the Wild Geese Landing, a 44-unit townhouse complex located in Powell’s Point, NC.

Powells Point is located on the Albemarle Sound, in the Outer Banks region of Eastern North Carolina. It is part of the Norfolk-Virginia Beach MSA and located just minutes from Kitty Hawk and the Atlantic Ocean. The area is a haven for vacationers across the entire mid-Atlantic. Peak seasons last from May until November and the county sees population explosions of over 200,000 people per month. Whether it be championship level golf courses, chartering a fishing boat or spending a relaxing day overlooking the ocean, the Outer Banks offers a little bit for everyone.

Wild Geese Landing is an affordable-housing (LIHTC) property of two & three bedroom units built in 1996 with incredible history of high occupancy and limited turnover.

Property Amenities include:

  • Personal automatic garages for each unit
  • New roofs
  • Updated interiors and kitchen appliances
  • Interior carpeting
  • On-site office

 

This property has excellent assumable-debt of approximately $1.6 million with a rate of approximately 4.2%.

 

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Other

  • Address: 113 Wild Geese Court Powells Point, North Carolina 
  • Area: Powells Point 
  • Number of Units: 45 
  • Year Built: 1996 
  • Acres: 18.43