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.
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 |
Agent Information Michael Deaton
Location Map
OAKMONT APARTMENTS – 48 UNITS IN REIDSVILLE, NC
Address:
1502 Sherwood Dr, Reidsville, NC 27320, USA
Price: $
3,950,000
Unit: