SOLD 12/16/20 FOR $4,400,000
$61,972 per unit
Deaton was the sole broker in this off-market transaction.
Carriage Hill apartments feature 71 units within minutes of multiple dining, retail, entertainment and employment centers. The property is located with walking distance of Terry Sanford High School and Fayetteville Technical Community College west of downtown. Built in 1963, the property features nine buildings with brick exteriors, spread over seven-and-a-half acres with a playground and swimming pool. The property was well-maintained by the seller, but offers the opportunity to add value and raise income with strategic improvements and renovations.
| Unit | Type | Size | Rent |
|---|---|---|---|
| 18 UNITS | 2 BD/1 BA | 900 SF | $575 |
| 53 UNITS | 2 BD/2 BA | 1,150 SF | $675 |
| PIN | 0427594335, 0427593664, 0427597109 |
| Tax Value | $2,868,434 |
| Taxes | $40,961.60 |
| Lot Size | 7.64 ACRES |
| Year Built | 1963 |
| Exterior | BRICK, WOOD |
| Floors | CARPET, VINYL |
| Foundation | SLAB |
| HVAC | CENTRAL A/C, HEAT PUMP |
| Utilities | PAID BY TENANTS |
| Legal Description | FAIRFAX PL LOT 19 & 3.8 ACRES CARRIAGE HILL |
| Appliances | RANGE, REFRIGERATOR, WASHER & DRYER CONNECTIONS |
| Sold Date | 2020-12-16 |
| Zoning | SF6 |
Agent Information Michael Deaton