OAKMONT APARTMENTS – 48 UNITS IN REIDSVILLE, NC

PRICE:
$ 3,950,000
STATUS:
Sold
ADDRESS:
1502 Sherwood Dr, Reidsville, NC 27320, USA
OVERVIEW:

SOLD 11/18/21 FOR $3,950,000
$82,292 per unit

Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. Oakmont Apartments are located in Reidsville, N.C., a growing suburb of Greensboro and the Triad region. Built in 1997, the property features 48 two-bedroom units with fully equipped kitchens and washer and dryer connections. The property has been well-maintained, but offers the opportunity to capture income upside with strategic improvements.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
48 UNITS 2BD/1.5BA 980 SF $705-$730
PROPERTY INFORMATION
PIN 7994 12 76 5483 00
Tax Value $2,137,704
Taxes $30,654.67
Lot Size 4.85 ACERS
Year Built 1997
Exterior BRICK & VINYL
Floors CARPET, VINYL
Foundation SLAB
HVAC HEAT PUMP
Utilities TENANT PAYS UTILITIES
Legal Description 4.85 AC LOT 1-10 BLK A OAKMONT PHASE TWO
Appliances RANGE, REFRIGERATOR, MICROWAVE, WASHER & DRYER CONNECTION
Sold Date 2021-11-18
Zoning R12

Location Map

OAKMONT APARTMENTS – 48 UNITS IN REIDSVILLE, NC
Address: 1502 Sherwood Dr, Reidsville, NC 27320, USA Price: $ 3,950,000 Unit: