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.
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 |
Agent Information Thomas T Furlow
Location Map
HIGHLANDS APARTMENTS – 24 UNITS IN FAYETTEVILLE, N.C.
Address:
1107 W Rowan St, Fayetteville, NC 28305, USA
Price: $
1,450,000
Unit: