COUNTRY CLUB APARTMENTS – 74 UNITS IN LINCOLNTON, NC

PRICE:
$ 8,300,000
STATUS:
Sold
ADDRESS:
1615 Crossover Dr, Lincolnton, NC 28092, USA
OVERVIEW:

SOLD 2/17/2023 FOR $8,300,000
$112,162 per unit

Deaton Investment Real Estate represented the buyer and One Alliance Companies represented the seller in this transaction. Conveniently located within the Charlotte MSA, Country Club Apartments is a 74-unit property situated on approximately 16.73 acres. Built between 1966-1988, the property features a variety of one-bedroom and two-bedroom floorplans. This property offers an opportunity to increase income through organic upside and strategic value-add improvements.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
2 UNITS 1BD/1BA 859 SF $900 (MARKET)
31 UNITS 2BD/1BA 840-943 SF $1,000-$1,150 (MARKET)
41 UNITS 2BD/1.5BA 793-963 SF $1,200-$1,275 (MARKET)
74 TOTAL UNITS
PROPERTY INFORMATION
PIN MULTIPLE PARCELS - CONSULT TAX RECORDS
Tax Value $3,251,365
Taxes $43,572
Lot Size 16.73 ACRES
Year Built 1966-1988
Exterior BRICK
Floors CARPET, VINYL
Foundation CRAWL AND SLAB
HVAC CENTRAL A/C, HEAT PUMPS, MINI SPLITS
Utilities OWNER PAYS TRASH & COMMON AREA ELECTRIC
Legal Description CONSULT TAX RECORDS
Appliances RANGE, REFRIGERATOR, W/D CONNECTIONS
Sold Date 2023-02-17
Zoning R-8

Location Map

COUNTRY CLUB APARTMENTS – 74 UNITS IN LINCOLNTON, NC
Address: 1615 Crossover Dr, Lincolnton, NC 28092, USA Price: $ 8,300,000 Unit: 74