FLORENCE RIDGE – 24 UNITS IN GRAHAM, N.C.

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.

Link To Tax Records
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

Location Map

FLORENCE RIDGE – 24 UNITS IN GRAHAM, N.C.
Address: 115 Florence St, Graham, NC 27253, USA Price: $ 2,400,000 Unit: