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Marcus and Millichap is pleased to present the Maple Ridge Apartments in Mayodan, NC. This is a multifamily opportunity consists of 28 units with a mix of one-bedroom, two-bedroom, and three-bedroom units. The complex was constructed in 1991 of brick veneer and is situated on 1.77+/- acres. The property has central heating & air, and the utilities are separately metered for both water and electricity. Tenants are responsible for all utilities. For convenience and additional cashflow, there are also storage units for each unit that could be updated and rented as well. This property offers amenities such as a laundry facility for the convenience of the residents, that is contracted and managed by a third party. Currently the rents range from $385 to $725. This opportunity offers new ownership the ability to stabilize the rents at market rate and take advantage of the growth of the Triad which will increase revenue and maximize profits. The Maple Ridge Apartments are conveniently located only 35 Miles from Greensboro, NC, 32 Miles to Winston Salem, NC and 36 Miles to High Point, NC. Mayodan’s major retailers include Lowe’s Home Improvement and Walmart Supercenter. Popular activities in Mayodan include camping, hiking, and fishing. The two most popular parks are Farris Memorial Park and Mayo River State Park. Mayodan is a great place for tenants looking for low cost of living with close proximity to the Downtown Greensboro and ability to enjoy the outdoors.
Month | Payment | Principal | Interest | Total Interest | Balance |
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$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
Total Population | 2,611 | 7,245 | 12,052 | |
Population Median Age | 44 | 45 | 44 | |
Population by Age | 0-9 Yrs | 252 (9%) | 655 (9%) | 1200 (9%) |
10-19 Yrs | 270 (10%) | 674 (9%) | 1208 (10%) | |
20-29 Yrs | 360 (13%) | 836 (11%) | 1350 (11%) | |
30-39 Yrs | 188 (7%) | 633 (8%) | 1151 (9%) | |
40-49 Yrs | 307 (11%) | 877 (12%) | 1445 (11%) | |
50-59 Yrs | 421 (16%) | 1277 (17%) | 2131 (17%) | |
60-69 Yrs | 377 (14%) | 1039 (14%) | 1656 (13%) | |
70+ Yrs | 436 (16%) | 1255 (17%) | 1910 (15%) | |
Median HH Income | $30,140 | $36,495 | $41,583 | |
Total Household Income | < 24K | 513 (42%) | 1093 (34%) | 1502 (29%) |
25-49K | 366 (30%) | 906 (28%) | 1481 (28%) | |
50-74K | 113 (9%) | 540 (16%) | 974 (19%) | |
75-99K | 107 (8%) | 312 (9%) | 550 (10%) | |
100-199K | 87 (7%) | 299 (9%) | 544 (10%) | |
200K+ | 25 (2%) | 49 (1%) | 73 (1%) | |
Highest Education Level | No Diploma | 415 | 1014 | 1575 |
Diploma or GED | 657 | 2023 | 3365 | |
Some College | 428 | 1273 | 2165 | |
Assoc. Degree | 150 | 455 | 737 | |
Bachelors Degree | 195 | 502 | 794 | |
Higher Degree | 60 | 186 | 245 | |
Total Housing Units | 1,313 | 3,646 | 6,041 | |
--Owner-Occupied | 670 | 2,085 | 3,735 | |
--Renter-Occupied | 541 | 1,115 | 1,387 | |
Owner-Occupied Values | < 100K | 361 | 1016 | 1833 |
100-199K | 232 | 781 | 1371 | |
200-299K | 43 | 210 | 379 | |
300-399K | 18 | 58 | 105 | |
400-499K | 0 | 2 | 18 | |
500K+ | 16 | 17 | 28 | |
Total Working Age Population | 2,153 | 6,164 | 10,150 | |
In Work Force | 1,221 | 3,413 | 5,826 | |
Not In Work Force | 931 | 2,751 | 4,324 | |
Workforce Employed | 1,095 | 3,178 | 5,512 | |
Workforce Unemployed | 126 | 235 | 314 | |
Civlian Workforce | 1,221 | 3,413 | 5,826 | |
Military Workforce | 0 | 0 | 0 | |
Total Households | 1,211 | 3,199 | 5,122 | |
Family Households | 702 | 1,906 | 3,256 | |
Non-Family Households | 509 | 1,294 | 1,867 | |
Married Couple | 402 | 1,324 | 2,380 | |
Other Family | 300 | 582 | 875 | |
Married w/Child | 129 | 354 | 719 | |
Single Male w/Child | 31 | 51 | 68 | |
Single Female w/Child | 122 | 211 | 324 |
Population Change Last Two Decades - Plus Projection
2000 | % | 2010 | % | 2020 | % | 2030 | |
---|---|---|---|---|---|---|---|
North Carolina | 8,049,313 | +18 | 9,535,483 | +11 | 10,630,691 | +11 | 11,836,070 |
Rockingham County | 91,928 | +2 | 93,643 | -2 | 91,830 | 0 | 91,865 |
Stokes County | 44,711 | +6 | 47,401 | -2 | 46,360 | -1 | 46,062 |