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 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. |
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 | Owner Financing | NONE |
| Utilities | INDIVIDUALLY METERED | Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER & DRYER CONNECT |
| Legal Description | BA 3508 GARDEN RD | Zoning | MDR |
| Sold Date | 08/30/2021 |
