THE CHASE APARTMENTS – 119 UNITS IN BURLINGTON, N.C.

PRICE:
$ 21,000,000
STATUS:
Sold
ADDRESS:
3508 Garden Rd, Burlington, NC 27215, USA
OVERVIEW:

SOLD 8/30/2021 for $21,000,000
$176,470 per unit

Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. The Chase Apartments is located in the suburban market of Burlington, NC which links the Triangle (Raleigh, Durham, Chapel Hill) and Triad (Greensboro, Winston-Salem, High Point) regions. This property features 119 units built in 1992 and had an occupancy rate of 97.5% at the time of the sale. The asset offers residents unparalleled natural amenities including spacious grounds and a beautiful pond.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
32 UNITS 1 BD/1 BA 770 SF $975
62 UNITS 2 BD/2 BA 1,028-1,035 SF $1,100
25 UNITS 3 BD/ 2BA 1,219 SF $1,300
119 TOTAL UNITS
PROPERTY INFORMATION
PIN 8844857887
Tax Value $8,746,187
Taxes $109,704.60
Lot Size 24.43 ACERS
Year Built 1992
Exterior VINYL
Floors CARPET, VINYL, LVP
Foundation SLAB
HVAC CENTRAL A/C
Utilities INDIVIDUALLY METERED
Legal Description BA 3508 GARDEN RD
Appliances RANGE, REFRIGERATOR, DISHWASHER, WASHER & DRYER CONNECT
Sold Date 2021-08-30
Zoning MDR

Location Map

THE CHASE APARTMENTS – 119 UNITS IN BURLINGTON, N.C.
Address: 3508 Garden Rd, Burlington, NC 27215, USA Price: $ 21,000,000 Unit: