COASTAL VILLAS – 44 UNITS IN SOUTHPORT, NC
PRICE:
$
4,050,000
STATUS:
Sold
ADDRESS:
5339 Dosher Cutoff SE, Southport, NC 28461, USA
OVERVIEW:
SOLD 2/29/24 FOR $4,050,000
$92,045 per unit
Deaton GREA represented the seller and was the sole broker in this off-market transaction. Coastal Villas is a garden-style, LIHTC and age restricted (55+) apartment community comprised of four connected buildings surrounding a well-manicured courtyard. The community is situated 20 miles south of Wilmington in Southport, NC. Southport is a maritime town recognized as the #2 Best Place to Retire (Niche.com) and #4 Best Coast Small Town in America (10best.com). Coastal Villas offers a mix of floor plans consisting of 22, one-bedroom/one-bathroom units and 22, two -bedroom/one-bathroom units.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 22 UNITS | 2 BD/ 1BA | 840 SF | $1,122 AVG. |
| 22 UNITS | 1 BD/1 BA | 625 SF | $972 AVG. |
PROPERTY INFORMATION
| PIN | 209714246596 |
| Tax Value | $4,816,890 |
| Taxes | $15,960.33 |
| Lot Size | 7.65 ACRES |
| Year Built | 1999 |
| Exterior | BRICK, HARDBOARD |
| Floors | CARPET, VINYL, LVP |
| Foundation | SLAB |
| HVAC | CENTRAL AIR, HEAT PUMPS |
| Utilities | PAID BY TENANTS |
| Legal Description | TR-A 7.65 ACRES PLAT 19/25 NC-133 |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS |
| Sold Date | 2024-02-29 |
Agent Information Michael Deaton
Location Map
COASTAL VILLAS – 44 UNITS IN SOUTHPORT, NC
Address:
5339 Dosher Cutoff SE, Southport, NC 28461, USA
Price: $
4,050,000
Unit:
44