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, N.C., 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.

Link To Tax Records
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

Location Map

WILLOW CREEK – 144 UNITS IN BURLINGTON, NC
Address: 1515 S Mebane St, Burlington, NC 27215, USA Price: $ 18,650,000 Unit: