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

Price:

$1,700,000

Status:

Under Contract

Address:

517 W Market St, Graham, NC 27253, USA

Overview:

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.

 

Unit Information

UnitTypeSizeRent
16 UNITS2 BD/1 BA880 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 Owner Financing NONE
Utilities OWNER PAYS DUMPSTER AND COMMON AREA ELECTRIC Appliances RANGE, REFRIGERATOR, DISHWASHER, WASHER & DRYER CONNECTIONS
Legal Description 4BL W MARKET ST Zoning R-MF