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.
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 |
Agent Information Michael Deaton
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:
224