HARDEN CROSSING – 28 UNITS IN GRAHAM, N.C.

PRICE:
$ 3,500,000
STATUS:
Sold
ADDRESS:
508 E Harden St, Graham, NC 27253, USA
OVERVIEW:

SOLD 8/11/2023 FOR $3,400,000
$121,429 per unit

Harden Crossing is conveniently located in Graham, N.C., a rapidly-growing 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. Built in 1985, the property features brick exteriors and 28 identical two-bedroom units. Prior to the sale, the ownership invested more than $500,000 in capital improvements over the last year. These improvements include exterior painting, landscaping, signage and interior renovations. Renovations in most units included new flooring, fixtures, appliances, counter tops and more. This offering presents an opportunity for the buyer to acquire an asset with a proven value-add strategy that has achieved 20%+ rent premiums.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
7 UNITS 2 BD/1.5 BA CLASSIC 980 SF $950
21 UNITS 2 BD/1.5 BA RENOVATED 980 SF $1,225
PROPERTY INFORMATION
PIN 8884531896, 8884533993, 8884533722
Tax Value $1,818,134 (2023 ASSESSED VALUE)
Taxes $20,000 (2023 ESTIMATED TAX BILL)
Lot Size 3.079 ACRES
Year Built 1985
Exterior BRICK
Floors LVP, CARPET, VINYL
Foundation SLAB
HVAC CENTRAL A/C, HEAT PUMP
Utilities OWNER PAYS WATER
Legal Description COLONIAL ARMS LT 1, 2, & 3
Appliances RANGE, REFRIGERATOR, DISHWASHER, WASHER & DRYER CONNECTIONS
Sold Date 2023-08-11
Zoning MULTI-FAMILY, HARDEN/HWY 54 OVERLAY

Location Map

HARDEN CROSSING – 28 UNITS IN GRAHAM, N.C.
Address: 508 E Harden St, Graham, NC 27253, USA Price: $ 3,500,000 Unit: 28