230 UNITS IN HIGH POINT – RAINTREE APARTMENTS
Address: |
249 Northpoint Ave, High Point, NC 27262, USA |
Overview: |
SOLD 1/20/17 FOR $7,500,000 ($32,608/unit)
Raintree Apartments in High Point, NC is a 230 unit property offering a value-add investor tremendous upside. Deaton Investment Real Estate found this off-market deal and represented the buyer in the acquisition. The seller was represented by their management company, Signature Properties.
Built in 1979, the property offers a mix of one- and two-bedroom units with a pool and clubhouse in a desirable location. The buyer plans to make unit upgrades and institute management efficiencies to maximize net income.
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