SOLD 1/06/2023 FOR $11,500,000
$75,658 per unit
Deaton Investment Real Estate represented the seller and was the sole broker in this transaction. Located in Rockingham, N.C., Pinecrest Village is a 152-unit, garden-style apartment community situated on a 15-acre site. Built in 1977, the property features one-, two-, and three-bedroom floorplans. Amenities include laundry facilities, a pool, a playground, spacious grounds, and on-site management.
| Unit | Type | Size | Rent |
|---|---|---|---|
| 60 UNITS | 1BD/1BA | 830 SF | $755 |
| 76 UNITS | 2BD/2BA | 1,020 SF | $845 |
| 16 UNITS | 3BD/2BA | 1,160 SF | $1,005 |
| PIN | 747210463110 |
| Tax Value | $2,863,861 |
| Taxes | $26,878.05 |
| Lot Size | 15.359 ACRES |
| Year Built | 1977 |
| Exterior | WOOD |
| Floors | CARPET, VINYL, LVP |
| Foundation | SLAB |
| HVAC | CENTRAL A/C, HEAT PUMP |
| Utilities | TENANTS PAY UTILITIES |
| Legal Description | AC & APTS TOWN PARK APTS |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER |
| Sold Date | 2023-01-06 |
| Zoning | R-7 |
Agent Information Michael Deaton