THE POINTE – 140 UNITS IN BURLINGTON, NC
Price: |
$21,000,000 |
Status: |
Sold |
Address: |
2008 S Mebane St, Burlington, NC 27215, USA |
Overview: |
SOLD 7/14/2023 FOR $21,000,000 Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. Located in Burlington, N.C., The Pointe Apartments feature an attractive mix of one-, two-, and three-bedroom apartments. Amenities include a pool, playground, clubhouse and spacious grounds. The property offers a proven value-add opportunity in a submarket with rapidly increasing rents. |
Unit Information
| Unit | Type | Size | Rent |
|---|---|---|---|
| 32 UNITS | 1BD/1BA | 728 SF | $1,125 |
| 55 UNITS | 2BD/1.5BA | 988 SF | $1,350 |
| 53 UNITS | 3BD/2BA | 1,255 SF | $1,500 |
Property Information
| PIN | 8864458242 | Tax Value | $15,484,491 |
| Taxes | $77,962.27 | Lot Size | 9.80 ACERS |
| Year Built | 1972 | Exterior | VINYL |
| Floors | CARPET, LVP | Foundation | SLAB |
| HVAC | CENTRAL HEATING & AIR | Owner Financing | NONE |
| Utilities | TENANTS PAY UTILITIES | Appliances | RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS |
| Legal Description | S MEBANE ST | Zoning | MF-A |
| Sold Date | 07/14/2023 |
