SOLD 7/28/2023 FOR $11,000,000
$108,911 per unit
Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. Located in Wilson, N.C., the property features an attractive mix of one-, two-, three-, and four-bedroom apartments. Built in 1971, the property is spread across approximately 16.29 acres and has a total of 22, one-story buildings with all brick exteriors. This offering represents a great value-add opportunity, at an attractive basis, in an emerging market.
| Unit | Type | Size | Rent |
|---|---|---|---|
| 1 UNIT | STUDIO | 420 SF | OFFICE |
| 15 UNITS | 1BD/1BA | 648 SF | $900 |
| 36 UNITS | 2BD/1BA | 810 SF | $1,050 |
| 35 UNITS | 3BD/1BA | 984 SF | $1,200 |
| 14 UNITS | 4BD/1BA | 1,154 SF | $1,300 |
| PIN | 3711-44-2388 |
| Tax Value | $2,323,529 |
| Taxes | $30,322.05 |
| Lot Size | 16.295 ACRES |
| Year Built | 1971 |
| Exterior | BRICK |
| Floors | CARPET, VINYL, LVP |
| Foundation | SLAB |
| HVAC | CENTRAL HEAT & AIR |
| Utilities | OWNER PAYS WATER, SEWER AND TRASH |
| Legal Description | 2110 SMALLWOOD ST SW |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS |
| Sold Date | 2023-07-28 |
| Zoning | GR6 |
Agent Information Michael Deaton