HARDEN CROSSING – 28 UNITS IN GRAHAM, NC
SOLD 8/11/2023 FOR $3,400,000
$121,429 per unit
Harden Crossing is conveniently located in Graham, NC, 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.
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 |
Agent Information Thomas T Furlow
Location Map
HARDEN CROSSING – 28 UNITS IN GRAHAM, NC
