WILSON WOODS TOWNHOMES – 376 UNITS IN WILSON, NC

Price:

$41,000,000

Status:

Sold

Address:

1706 Vineyard Dr N, Wilson, NC 27893, USA

Overview:

SOLD 8/31/2022 FOR $41,000,000
$109,043 per unit

Deaton Investment Real Estate represented the buyer and was the sole broker in this off-market transaction. Located in Wilson, N.C., Wilson Woods is a 376-unit townhome community that is  situated on a 25.47 acre site. Built in 1974-1975, the property features spacious one-, two-, and three-bedroom floorplans with amenities that include the following: clubhouse, pool, spacious grounds, and fitness center. This asset presents a rare opportunity to acquire a property from a 25-year owner that has tremendous upside in rent growth through strategic value-add improvements.

Unit Information

UnitTypeSizeRent
130 UNITS1BD/1BA700 SF$415-$850
176 UNITS2BD/1.5BA1,100 SF$500-$950
36 UNITS3BD/1.5BA1,250 SF$670-$950
4 UNITS3BD/2BA1,550 SF$770-$1,000
30 UNITS3BD/2.5BA1,550 SF$630-$1,000

Property Information

PIN 3722-29-0254, 3722-29-8114, 3722-29-7608, 3723-20-2179, 3722-29-1771 Tax Value $8,305,983
Taxes $108,393.07 Lot Size 25.47 ACRES
Year Built 1974, 1975, 1998 Exterior BRICK
Floors CARPET, VINYL, LVP Foundation SLAB
HVAC CENTRAL AIR / HEAT PUMPS Owner Financing NONE
Utilities TENANTS PAY UTILITIES Appliances RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS
Legal Description CONSULT TAX RECORDS Zoning RMX
Sold Date 08/31/2022