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 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.
|
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 | 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 |
| Sold Date | 02/15/2023 |
