BRADFORD PARK – 226 UNITS IN GREENVILLE, NC

PRICE:
$ 22,600,000
STATUS:
Sold
ADDRESS:
1804 Bradford Dr, Greenville, NC 27858, USA
OVERVIEW:

SOLD 7/8/2022 FOR $22,600,000
$100,000 per unit

Deaton Investment Real Estate represented the buyer and was the sole broker in this off-market transaction. Bradford Park apartments is located in Greenville, NC and has been owned by the original developer for the last 25 years. Built in 1993-1996, Bradford Park apartments feature one- and two-bedroom floorplans. At the time of sale, this asset had an average rent of approximately $575 and also had rents as low as $350.  This property presents a rare opportunity to acquire a property from its original developer with tremendous upside in rent growth through value-add improvements.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
136 UNITS 1BD/1BA 650 SF $395-$1,100
90 UNITS 2BD/1BA 850 SF $350-$1,200
PROPERTY INFORMATION
PIN 4686-76-5572, 4686-76-7087, 4686-75-3995
Tax Value $7,711,556
Taxes $117,866.19
Lot Size 13.32 ACRES
Year Built 1993-1996
Exterior BRICK
Floors CARPET, VINYL
Foundation SLAB
HVAC CENTRAL AIR / HEAT PUMPS
Utilities OWNER PAYS WATER
Legal Description BRADFORD PARK LO6A SE1 BLB, BRADFORD PARK LO5A SE2 BLB, BRADFORD PARK LO6B SE1 BLB
Appliances RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS
Sold Date 2022-07-08
Zoning OR

Location Map

BRADFORD PARK – 226 UNITS IN GREENVILLE, NC
Address: 1804 Bradford Dr, Greenville, NC 27858, USA Price: $ 22,600,000 Unit: