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.

Unit Information

UnitTypeSizeRent
176 UNITS1BD/1BA540 SF$910
224 UNITS2BD/1BA660 SF$1,038
104 UNITS3BD/1BA775 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