Bought with Non Member Office
$1,500,000
$1,700,000
11.8%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 02/15/2023
Key Details
Sold Price $1,500,000
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Not In A Subdivision
MLS Listing ID 2481238
Sold Date 02/15/23
Originating Board Triangle MLS
Year Built 1984
Annual Tax Amount $597,001
Property Description
West Market Street Apartments is conveniently located in Graham, N.C., a rapidly-growing suburban market along the I-85/I-40 corridor, which links the Triangle (Raleigh, Durham, Chapel Hill) and Triad (Greensboro, Winston-Salem, High Point) regions. These 16 units are identical two-bedroom, one-bathroom garden-style floor plans situated less than one mile from downtown Graham. Recent unit turns achieved rents of $1,050. The average in-place rent is $861. This represents tremendous upside to the investor seeking a value-add opportunity in a growing market.
Location
State NC
County Alamance
Direction Heading West on I-40 take Exit 148; turn RIGHT on E Harden Street/SR-54; turn RIGHT on W Elm Street; turn RIGHT on W Market Street; the property will be immediately on the LEFT.
Interior
Heating Natural Gas
Cooling Central Air, Heat Pump
Flooring Carpet, Vinyl
Exterior
Garage No
Private Pool No
Building
Faces Heading West on I-40 take Exit 148; turn RIGHT on E Harden Street/SR-54; turn RIGHT on W Elm Street; turn RIGHT on W Market Street; the property will be immediately on the LEFT.
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Alamance - North Graham
Middle Schools Alamance - Graham
High Schools Alamance - Graham
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