FLORENCE RIDGE – 24 UNITS IN GRAHAM, NC
PRICE:
$
2,400,000
STATUS:
Sold
ADDRESS:
115 Florence St, Graham, NC 27253, USA
OVERVIEW:
SOLD 4/29/22 FOR $2,325,000
$96,875/unit
Deaton Investment Real Estate was the exclusive listing broker for this transaction. Florence Ridge is located in Graham, a suburban market along the I-85/I-40 corridor, which links the Triangle (Raleigh, Durham, Chapel Hill) and Triad (Greensboro, Winston-Salem, High Point) regions. These 24 units feature brick exteriors and a mix of ten, 1-bedroom and 14, 2-bedroom units. Current ownership has raised rents over the last year, but there is an opportunity to continue raising lagging rents and push rents higher with strategic improvements.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 10 UNITS | 1BD/1BA | 593 SF (Approx.) | $725 MARKET |
| 14 UNITS | 2BD/1BA | 740 SF (Approx.) | $850 MARKET |
PROPERTY INFORMATION
| PIN | 8883175863 |
| Tax Value | $742,370 |
| Taxes | $4,899.64 |
| Lot Size | 1.16 ACERS |
| Year Built | 1972 |
| Exterior | BRICK/VINYL |
| Floors | TILE, LVP, VINYL |
| Foundation | SLAB |
| HVAC | CENTRAL AIR, HEAT PUMPS |
| Utilities | OWNER PAYS WATER |
| Legal Description | FLORENCE STREET |
| Appliances | RANGE, REFRIGERATOR |
| Sold Date | 2022-04-29 |
| Zoning | R-MF |
Agent Information Thomas T Furlow
Location Map
FLORENCE RIDGE – 24 UNITS IN GRAHAM, NC
Address:
115 Florence St, Graham, NC 27253, USA
Price: $
2,400,000
Unit: