MARKET 517 APARTMENTS – 16 UNITS IN GRAHAM, NC
SOLD 2/15/23 FOR $1,500,000
$93,750 per unit
Deaton Investment Real Estate was the exclusive listing broker for this transaction. West Market Street Apartments 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. These 16 units are identical two-bedroom, one-bathroom garden-style floor plans situated less than one mile from downtown Graham.
Recent unit turns achieved rents of $1,050. The average in-place rent is $861. This represents tremendous upside to the investor seeking a value-add opportunity in a growing market.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 16 UNITS | 2 BD/1 BA | 880 SF | $1,050 |
PROPERTY INFORMATION
| PIN | 134782 |
| Tax Value | $535,427 |
| Taxes | $5,970.01 |
| Lot Size | 1.21 ACRES |
| Year Built | 1984 |
| Exterior | BRICK |
| Floors | LVP |
| Foundation | SLAB |
| HVAC | CENTRAL A/C, HEAT PUMP |
| Utilities | OWNER PAYS DUMPSTER AND COMMON AREA ELECTRIC |
| Legal Description | 4BL W MARKET ST |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER & DRYER CONNECTIONS |
| Sold Date | 2023-02-15 |
| Zoning | R-MF |
Agent Information Thomas T Furlow
Location Map
MARKET 517 APARTMENTS – 16 UNITS IN GRAHAM, NC