MARKET 517 APARTMENTS – 16 UNITS IN GRAHAM, N.C.

PRICE:
$ 1,700,000
STATUS:
Sold
ADDRESS:
517 W Market St, Graham, NC 27253, USA
OVERVIEW:

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, 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. 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.

 

Link To Tax Records
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

Location Map

MARKET 517 APARTMENTS – 16 UNITS IN GRAHAM, N.C.
Address: 517 W Market St, Graham, NC 27253, USA Price: $ 1,700,000 Unit: