WILLOW CREEK – 144 UNITS IN BURLINGTON, NC
PRICE:
$
18,650,000
STATUS:
Sold
ADDRESS:
1515 S Mebane St, Burlington, NC 27215, USA
OVERVIEW:
SOLD 2/23/2022 FOR $18,650,000
$129,514 per unit
Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. Located in Burlington, NC, Willow Creek Apartments feature an attractive mix of one-bedroom and two-bedroom apartments. Amenities include a pool, playground, dog park, clubhouse and spacious grounds. The property offers a proven value-add opportunity in a sub-market with rapidly increasing rents.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 67 UNITS | 1BD/1BA | 647 SF | $850 (AVG) |
| 77 UNITS | 2BD/1BA | 808 SF | $950 (AVG) |
PROPERTY INFORMATION
| PIN | 8864781412 |
| Tax Value | $6,225,849 |
| Taxes | $41,090.60 |
| Lot Size | 10.77 ACRES |
| Year Built | 1985 |
| Exterior | BRICK |
| Floors | CARPET, VINYL, LVP |
| Foundation | SLAB |
| HVAC | CENTRAL AIR, HEAT PUMPS |
| Utilities | OWNER PAYS WATER |
| Legal Description | 8BA S MEBANE ST LT 1 |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTONS |
| Sold Date | 2022-02-24 |
| Zoning | MF-A |
Agent Information Michael Deaton
Location Map
WILLOW CREEK – 144 UNITS IN BURLINGTON, NC
Address:
1515 S Mebane St, Burlington, NC 27215, USA
Price: $
18,650,000
Unit:
144