PRESSLEY SOUTH END – 504 UNITS IN CHARLOTTE, NC

PRICE:
$ 78,000,000
STATUS:
Sold
ADDRESS:
1210 Pressley Rd, Charlotte, NC 28217, USA
OVERVIEW:

SOLD 8/12/2022 FOR $78,000,000
$154,761.90 per unit

Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. Located in Charlotte, N.C., Pressley South End is a 504-unit, garden-style property situated across 20.23 acres. Built in 1969, the property features a mix of one-, two-, and three-bedroom floorplans. This asset offers the opportunity to increase income through operational and strategic value-add improvements.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
176 UNITS 1BD/1BA 540 SF $910
224 UNITS 2BD/1BA 660 SF $1,038
104 UNITS 3BD/1BA 775 SF $1,110
PROPERTY INFORMATION
PIN 14520105
Tax Value $11,229,400
Taxes $140,004.83
Lot Size 20.23 ACRES
Year Built 1969
Exterior BRICK
Floors CARPET, VINYL, LVP
Foundation SLAB
HVAC PTAC UNITS/BASEBOARD
Utilities OWNER PAYS WATER
Legal Description PM14-597
Appliances RANGE, REFRIGERATOR, W/D CONNECTION
Sold Date 2022-08-12
Zoning R-17MF

Location Map

PRESSLEY SOUTH END – 504 UNITS IN CHARLOTTE, NC
Address: 1210 Pressley Rd, Charlotte, NC 28217, USA Price: $ 78,000,000 Unit: 504