GRAND PRIX 2105 – 32 UNITS IN FAYETTEVILLE, NC
PRICE:
$
800,000
STATUS:
Sold
ADDRESS:
2105 Grand Prix Dr, Fayetteville, NC 28303, USA
OVERVIEW:
SOLD 2/23/17 FOR $800,000
Rehab and value-add opportunity. This property consists of 32, 2 BD/1.5 BA units spread over six buildings. Three buildings feature brick and vinyl exteriors. The other three buildings have wood and brick exteriors. All of the units are two-story, town homes with electric heat pumps.
The property is in need of capital improvements and is currently operating below market potential. Approximately 14 units are vacant and some need significant repairs.
However, the property is positioned to realize significant gains to revenue and NOI through a hands-on management strategy combined with renovations, repairs and improvements.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 32 UNITS | 2 BD / 1.5 BA | 960 SF/UNIT | CURRENTLY $550/MO |
PROPERTY INFORMATION
| PIN | 0419-50-7830 |
| Tax Value | $1,097,700 |
| Taxes | $14,492.80 |
| Lot Size | APPRX. 3.16 ACRES |
| Year Built | 1972 |
| Exterior | BRICK, VINYL, WOOD |
| Floors | CARPET, VINYL, TILE |
| Foundation | SLAB |
| HVAC | HEAT PUMP, CENTRAL AIR |
| Utilities | OWNER PAYS WATER (APRX. $1,050/MO), DUMPSTER (APRX. $450/MO) AND AREA LIGHTS (TBD) |
| Legal Description | PENDING SUBDIVISION |
| Appliances | RANGE, REFRIGERATOR, W/D CONNECTIONS (DRYER CONNECTIONS DO NOT INCLUDE A VENT) |
| Sold Date | 2017-02-23 |
| Zoning | MR5 |
Agent Information Steve Deaton
Location Map
GRAND PRIX 2105 – 32 UNITS IN FAYETTEVILLE, NC
Address:
2105 Grand Prix Dr, Fayetteville, NC 28303, USA
Price: $
800,000
Unit:
32