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.

Link To Tax Records
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

Location Map

COASTAL VILLAS – 44 UNITS IN SOUTHPORT, NC
Address: 5339 Dosher Cutoff SE, Southport, NC 28461, USA Price: $ 4,050,000 Unit: 44