HIGHLANDS APARTMENTS – 24 UNITS IN FAYETTEVILLE, N.C.

PRICE:
$ 1,450,000
STATUS:
Sold
ADDRESS:
1107 W Rowan St, Fayetteville, NC 28305, USA
OVERVIEW:

SOLD 3/15/21 for $1,450,000
Deaton Investment Real Estate was the seller’s exclusive listing agent and the sole broker in this transaction.

The Highlands Apartments are located in Fayetteville’s desirable Haymount Neighborhood just west of Downtown. Constructed in 1945, the property features three, stately and charming brick buildings with a total of 24 units. There is a 50/50 mix of one- and two-bedroom apartments with hardwood floors and original tile in the bathrooms. The property is well-maintained, but the investment offers the opportunity to raise rents with strategic improvements.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
12 UNITS 1 BD/1 BA 535 SF $525 AVG
12 UNITS 2 BD/1 BA 675 SF $625 AVG
PROPERTY INFORMATION
PIN 0437-07-0185
Tax Value $887,700
Taxes $12,174.78
Lot Size 1 ACRES
Year Built 1945
Exterior BRICK
Floors HARDWOOD, TILE, VINYL
Foundation BASEMENT
HVAC CENTRAL AIR, GAS HEAT
Utilities OWNER PAYS WATER, AREA LIGHTS, AND GAS FOR HOT WATER
Legal Description 3 APT BLDGS COR W ROWAN-OAKRIDGE
Appliances RANGE, REFRIGERATOR, COMMON AREA WASHER & DRYERS
Sold Date 2021-03-12
Zoning MR-5

Location Map

HIGHLANDS APARTMENTS – 24 UNITS IN FAYETTEVILLE, N.C.
Address: 1107 W Rowan St, Fayetteville, NC 28305, USA Price: $ 1,450,000 Unit: