COLLEGE ARMS – 48 UNITS IN FAYETTEVILLE, NC
PRICE:
$
4,500,000
STATUS:
Sold
ADDRESS:
4708 Republican Rd, Fayetteville, NC 28311, USA
OVERVIEW:
SOLD 6/30/2023 FOR $4,500,000
$93,750 per unit
Deaton Investment Real Estate represented the buyer in this transaction. Located in Fayetteville, N.C., College Arms Apartments is a 48-unit garden-style apartment community situated on a 2.12 acre site. Built in 1980, the property features 48 identical two-bedroom, one-bathroom floorplans. This offering represents a great value-add opportunity at an attractive basis.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 48 UNITS | 2BD/1BA | 850 SF | $875 |
PROPERTY INFORMATION
| PIN | 0530-61-5218 |
| Tax Value | TBD (ASSESSMENT UNDER REVIEW) |
| Taxes | TBD (ASSESSMENT UNDER REVIEW) |
| Lot Size | 2.12 ACRES |
| Year Built | 1980 |
| Exterior | VINYL |
| Floors | CARPET, VINYL |
| Foundation | SLAB |
| HVAC | CENTRAL AIR |
| Utilities | OWNER PAYS WATER, SEWER AND TRASH |
| Legal Description | TREADSTONE DEVELOPMENT INC RECOMB LO1 PL0148-0190 |
| Appliances | RANGE, REFRIGERATOR |
| Sold Date | 2023-06-30 |
| Zoning | LC |
Agent Information Michael Deaton
Location Map
COLLEGE ARMS – 48 UNITS IN FAYETTEVILLE, NC
Address:
4708 Republican Rd, Fayetteville, NC 28311, USA
Price: $
4,500,000
Unit:
48