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118 Warrenton Village Dr, Warrenton, NC, 27589

Warrenton Village
$1,665,000

Key Information

Cap Rate
8.47%
$ per SF
$112
Tot. SF
14,845
$ per unit
$92
Units
18
Year Built
1991
Type
Multifamily
Occupancy
100%
NOI
$140,959

Highlights

  • Premium finishes throughout, including durable luxury vinyl plank (LVP) hardwood-style flooring, sleek white shaker cabinetry, and Formica countertops in kitchens and bathrooms.
  • 20% of the units have Granite Countertops & Stainless-Steel Appliances
  •  In-unit washer/dryer connections.
  • Oversized walk-in closets & bathrooms in the primary suite.
  • Black appliances (refrigerator, range, dishwasher, and microwave).
  • Central HVAC in All Units
  • Convenient access to US-158 and NC-43, connecting directly to I-85 within ~20–25 minutes, providing efficient commuter access to Henderson, Oxford, and the Research Triangle region.
  • Located within 30–40 minutes of major retail hubs in Henderson and Oxford, including Walmart Supercenter, Lowe’s, Food Lion, Aldi, and regional shopping centers, while benefiting from limited local retail competition in Warrenton.
  • Proximity to key regional employers, including Vance-Granville Community College, Duke Energy (Kerr Lake operations), regional healthcare facilities in Henderson, local manufacturing and logistics employers, and public-sector employment tied to Warren County.
  • Affordable housing market supported by a median household income of approximately $35,000–$38,000, driving demand for quality single-family rentals in the ~$1,000–$1,300/month range.
  • Stable, low-density market with limited new construction and low single-family rental vacancy, supported by rural workforce housing demand and renters priced out of larger metro areas.
  • Landlord-friendly North Carolina legal environment with no rent control, efficient eviction processes, and a pro-business regulatory framework supporting long-term rental investment.

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Location

Agents

Broker of Record

Gerard Hamas

License # 362768 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203