TIMBERSTONE APARTMENTS & GREENWOOD VILLAGE TOWNHOMES – 93 UNITS IN CHARLOTTE, NC

PRICE:
$ 14,500,000
STATUS:
Sold
ADDRESS:
2210 Yorkhills Dr, Charlotte, NC 28217, USA
OVERVIEW:

SOLD 3/29/2022 FOR $14,500,000
$155,914 per unit

Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. This deal represented the purchase of 93-units across two assets including, Timberstone Apartments and Greenwood Village Townhomes, both of which are located in the thriving sub-market of Charlotte, N.C. This offering provides a buyer the opportunity to raise rents to market rates through strategic value-add improvements.

Built in 1972, Timberstone Apartments feature 69-units across a mix of one-, two-, and three-bedroom floorplans. These town-homes are part of a home owners association with another 20, individually-owned town-homes.

Built in 1970, Greenwood Village Town-homes feature 24-units across a mix of two- and three-bedroom floorplans. All exteriors and interiors were recently renovated for this property.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
8 UNITS - Greenwood 2BD/1BA 900 SF $1,175
16 UNITS - Greenwood 3BD/1.5BA 1,200 SF $1,325
36 UNITS - Timberstone 1BD/1BA 816 SF $995
21 UNITS - Timberstone 2BD/1.5BA 952 SF $1,245
12 UNITS - Timberstone 3BD/1.5BA 1,432 SF $1,395
PROPERTY INFORMATION
PIN 16715890, 20318904,16715233
Tax Value $6,185,400
Taxes $67,974.05
Lot Size 9.58 ACRES
Year Built 1972-1974
Exterior BRICK/VINYL/WOOD
Floors CARPET, VINYL, TILE
Foundation SLAB, CRAWL
HVAC CENTRAL HEATING & AIR
Utilities TENANTS PAY UTILITIES
Legal Description UNIT 4 BLD2218 U/F 505-1
Appliances RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTONS
Sold Date 2022-03-29
Zoning R17MF

Location Map

TIMBERSTONE APARTMENTS & GREENWOOD VILLAGE TOWNHOMES – 93 UNITS IN CHARLOTTE, NC
Address: 2210 Yorkhills Dr, Charlotte, NC 28217, USA Price: $ 14,500,000 Unit: 93