Deaton GREA is pleased to present, as the exclusive listing broker for the seller, The Preserve at Pine Valley, a 219-unit community located in the rapidly growing market of Wilmington, N.C. Built in 1974, The Preserve at Pine Valley features an attractive mix of one-, two-, and three-bedroom floor plans spread over more than 15 acres. Community amenities include a pool, gazebo and grilling area, fitness center, dog park, tennis courts, mail package room, laundry room and onsite office. Over the last two years, current ownership has invested $4 million into capital improvements including enhancements to the pool, common areas, and interior renovations.
| Unit | Type | Size | Rent |
|---|---|---|---|
| 82 UNITS | 1 BR/1 BA | 631 | $1,418 |
| 54 UNITS | 2 BR/1 BA | 808 | $1,500 |
| 58 UNITS | 2 BR/1.5 BA | 941 | $1,581 |
| 25 UNITS | 3 BR/2 BA | 1,092 | $1,932 |
| PIN | R06610-002-014-000 |
| Tax Value | $18,847,300 - REAPPRAISAL SCHEDULED FOR 2025 |
| Taxes | $161,618.93 - 2023 ACTUAL |
| Lot Size | 15.5 ACRES |
| Year Built | 1974 |
| Exterior | VINYL, BRICK |
| Floors | LVP, CARPET, VINYL |
| Foundation | SLAB |
| HVAC | CENTRAL AIR, HEAT PUMPS |
| Utilities | WATER IS SUBMTERED, OWNER PAYS TRASH AND COMMON AREA ELECTRIC |
| Legal Description | PRESERVE @ PINE VALLEY 3304 |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER*, WASHER/DRYER*, MICROWAVE* (IN SELECT UNITS) |
| Zoning | MULTIFAMILY |
Agent Information Michael Deaton