SPRINGDALE APARTMENTS – 27 UNITS IN BURLINGTON

PRICE:
$ 2,800,000
STATUS:
Off Market
ADDRESS:
317 Caswell St, Burlington, NC 27217, USA
OVERVIEW:

Springdale Apartments are just three miles from Elon University and the corporate headquarters of LabCorp, two of the largest employers in Alamance County. Additionally the property offers convenient access to multiple dining, shopping and retail centers in Burlington, NC.

The property consist of 27 units built in two phases on two adjacent parcels. The six units at 1407 Grimes Street were built in 1987 and the 21 units at 317 Caswell Street were constructed in 1998. Both phases feature one-story buildings with slab foundations.

Current ownership operates and maintains the property efficiently, providing a good value for renters in the market. This creates and opportunity for the next investor to raise rents and add value with strategic improvements and management.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
14 UNITS 1 BD/1 BA 925 SF PER UNIT $485
10 UNITS 2 BD/1 BA 1,531 SF $575
3 UNITS 3 BD/2 BA 3,062 SF $700
27 UNITS 1,350 SF $14,640 GROSS POTENTIAL RENT
PROPERTY INFORMATION
PIN 8865589548 & 8865680203
Tax Value $878,033
Taxes $5,853.41
Lot Size 3.72 ACRES
Year Built 1998 & 1987
Exterior VINYL, MASONITE
Floors CARPET, VINYL, LVT
Foundation SLAB
HVAC CENTRAL AIR
Utilities OWNER PAYS WATER AND TRASH
Legal Description 317 CASWELL ST LOT E & 1407-1417 GRIMES ST LOT 2
Appliances RANGE, REFRIGERATOR, WASHER/DRYER CONNECTIONS
Zoning TBD

Location Map

SPRINGDALE APARTMENTS – 27 UNITS IN BURLINGTON
Address: 317 Caswell St, Burlington, NC 27217, USA Price: $ 2,800,000 Unit: