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.
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 |
Agent Information Michael Deaton
Location Map
BRADFORD PARK – 226 UNITS IN GREENVILLE, NC
Address:
1804 Bradford Dr, Greenville, NC 27858, USA
Price: $
22,600,000
Unit:
226