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.
517 W Market Street Graham, NC 27253
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
Year Built 1984
Annual Tax Amount $597,001
Property Sub-Type Apartment
Source Triangle MLS
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
View Y/N Yes
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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