NORTHPOINT & LAKE CHARLES – 224 UNITS IN SPRING LAKE, NC

PRICE:
$ 18,150,000
STATUS:
Sold
ADDRESS:
16 Wedgewood Dr, Spring Lake, NC 28390, USA
OVERVIEW:

SOLD 6/30/2022 FOR $18,150,000
$81,027 per unit

Deaton Investment Real Estate represented the buyer and was the sole broker in this off-market transaction. Built in 1972, Northpoint and Lake Charles Apartments are situated on approximately 33 combined acres in Spring Lake, NC. Northpoint and Lake Charles feature all two-bedroom floorplans. Amenities include a leasing office, pool, and fitness center. This offering represents the opportunity to significantly increase rental income through strategic value-add improvements.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
111 UNITS (LC) 2BD/1BA 888 SF $610 AVG.
113 UNITS (NP) 2BD/1.5BA 920 SF $700 AVG.
PROPERTY INFORMATION
PIN CONSULT TAX RECORDS
Tax Value CONSULT TAX RECORDS
Taxes CONSULT TAX RECORDS
Lot Size 33.0 TOTAL ACRES
Year Built 1972
Exterior BRICK
Floors CARPET, VINYL, LVP
Foundation CRAWL AND SLAB
HVAC CENTRAL A/C, HEAT PUMP, BASEBOARD HEAT, WINDOW UNITS
Utilities TENANTS PAY UTILITIES
Legal Description CONSULT TAX RECORDS
Appliances RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS
Sold Date 2022-06-30
Zoning RA-20R

Location Map

NORTHPOINT & LAKE CHARLES – 224 UNITS IN SPRING LAKE, NC
Address: 16 Wedgewood Dr, Spring Lake, NC 28390, USA Price: $ 18,150,000 Unit: