SOLD 7/01/26 for $5,750,000
$52,273 per unit
DEATON represented the seller in this off-market transaction. Located in Sanford, NC, these two properties are in the the federal Low-Income Housing Tax Credit (LIHTC) program.
Sandhill Manor is an age-restricted residential community of 50 units. The property is a dedicated 55+ senior housing community constructed in 2006 with a mix of one and two-bedroom apartment layouts. The property offers a low-maintenance senior living environment in a quiet setting.
Fire Tower Crossing was built in 2004 and features 60 units with an attractive mix of two and three-bedroom floor plans. The property provides residents with proximity to local commercial centers, dining options, and public schools.
| Unit | Type | Size | Rent |
|---|---|---|---|
| 11 | 1 Bed / 1 Bath (40% AMI) | 550 SF | $437 |
| 11 | 1 Bed / 1 Bath (50% AMI) | 550 SF | $509 |
| 16 | 1 Bed / 1 Bath (60% AMI) | 550 SF | $592 |
| 2 | 2 Bed / 1 Bath (40% AMI) | 680 SF | $460 |
| 1 | 2 Bed / 1 Bath (50% AMI) | 680 SF | $585 |
| 9 | 2 Bed / 1 Bath (60% AMI) | 680 SF | $615 |
| 12 | 2 Bed / 1 Bath (40%) | 908 SF | $565 |
| 30 | 2 Bed / 1 Bath (50%) | 908 SF | $685 |
| 4 | 3 Bed / 2 Bath (40%) | 1,125 SF | $620 |
| 14 | 3 Bed / 2 Bath (50%) | 1,125 SF | $760 |
| PIN | 965211098800 / 964232944400 |
| Tax Value | $802,200.00 / $1,543,400.00 |
| Taxes | $9,506.07/ $18,289.29 |
| Lot Size | 5.150 / 6.350 |
| Year Built | 2006/2004 |
| Legal Description | LOT 1 PC 4/78 1055/551, 100 175 LIGHTWOOD LN PC 10/33 PC 9/23-I |
| Sold Date | 2026-07-01 |
| Zoning | UN-6 / UN-6 |
Agent Information Michael Deaton