FOXGATE APARTMENTS – 19 UNITS IN DOWNTOWN DURHAM

Price:

$2,750,000

Status:

Sold

Address:

1 Hayti Ln, Durham, NC 27701, USA

Overview:

SOLD 5/23/18 FOR $2,800,000
Price included $65,000 in seller credits.

The Foxgate Apartments are 19, towhome-style units within walking distance of the heart of Durham, N.C. Growing at an unprecedented rate, Durham has more than $200 million in development underway in the Downtown area.

Built in 1986,  the property benefited from renovations completed in 2017. Offering 2 Bd/1.5 Ba units with numerous dining, shopping and entertainment options nearby, the property is attractive to a wide-range of prospective tenants.

This offering represents a great opportunity to acquire a stabilized, well-maintained and well-located asset in a thriving market.

Unit Information

UnitTypeSizeLeaseRent
19 UNITS2 BD/1.5 BA980 SFSEE RENT ROLL$1,023 AVG

Property Information

PIN SEE TAX PARCEL LIST Tax Value $1,005,365
Taxes $13,537.28 Lot Size 1.971 ACRES TOTAL
Year Built 1986 Exterior BRICK, MASONITE
Floors CARPET, VINYL, LVT Foundation CRAWL
HVAC CENTRAL AIR, HEAT PUMP Owner Financing NONE
Utilities PAID BY TENANT, WATER & ELECTRICITY INDIVIDUALLY METERED Appliances RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS
Legal Description SEE TAX PARCEL LIST Zoning CG
Sold Date 05/23/2018