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 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. |
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 | Owner Financing | NONE |
| Utilities | OWNER PAYS WATER | Appliances | RANGE, REFRIGERATOR, W/D CONNECTION |
| Legal Description | PM14-597 | Zoning | R-17MF |
| Sold Date | 08/12/2022 |
