Property For Sale Listing 133651
44 Unit Apartment Auction: Charlotte, NC
Status as of Sep-7-2008 at 01:30 AM: Off The Market
Property Summary
BRADFORD PLACE APARTMENTS in Charlotte, NC
44 Two-story Units / 6 Buildings
93% Occupied – All 2 Bed/ 1.5 Bath at $500/month
37/44 Units recently upgraded
Offered w/ Reserve. Suggested Opening Bid: $795,000
AUCTION DATE: Wed. May 21, 2008: 1:00 P.M.
AUCTION LOCATION: Embassy Suites Hotel, 4800 S. Tryon St., Charlotte, NC
PROPERTY DESCRIPTION: Built in 1971, the 44-unit Bradford Place Apts. feature 6 buildings totaling 42,240 Sq Ft / 940 Sq Ft each unit. All units are 2-story townhome style with 2 bedrooms and 1.5 baths. $246,000 scheduled annual income
at 93% occupancy. 41 of 44 units currently rented below market at $500 each. Likelihood of increased revenue through
Section 8 program. 37 units have been recently upgraded including new countertops, tile floors, and kitchen cabinets. Original hardwood floors in 2nd story of all units. Washer and Dryer connections, Stove, and Refrigerator in most units. Tenants pay electric and cable. Brick construction on 2.26 fenced and well lighted acres.
Categories
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Location
| Classification: |
United States // Southeast States // North Carolina // Charlotte |
Price
| Price Classification: |
Not Disclosed |
Property Type
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Multi-Family Properties // 10+ Family |
| Type: |
Apartment |
