Historical Multifamily Sale Listing - 98-Unit Glenwood Point Apartments

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98-Unit Glenwood Point Apartments

3623 Hashem Drive, Charlotte, NC 28208

N/A

98 Units | Multifamily

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Glenwood Point Apartments

Multifamily Property - Off Market

Price:
N/A
No. Units:
98
Building Size:
76,679 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Occupancy:
90%
Year Built:
1967
Lot Size:
5.96 SF
Listing ID
15875884
Last Updated
over 1 year ago

Highlights

  • REAL ESTATE AUCTION
  • SATURDAY, OCTOBER 18, 2008 @ 11:00 AM
  • AUCTION LOCATED AT EMBASSY SUITES HOTEL CHARLOTTE
  • RESERVE PRICE: $1,645,000
  • 1031 EXCHANGES WELCOMED
  • ADDITIONAL NORTH CAROLINA APARTMENT AND COMMERCIAL PROPERTIES OFFERED

Description

REAL ESTATE AUCTION - SATURDAY, OCTOBER 18, 2008 @ 11:00 AM
LOCATED AT EMBASSY SUITES HOTEL CHARLOTTE, 4800 S. Tryon St.

98-UNIT GLENWOOD POINT APARTMENTS- CHARLOTTE, NC
Currently 97% Occupied / $600,000+ Shed. Gross Income / RESERVE PRICE: $1,645,000/ $16,785 Per Unit
ONSITE INSPECTIONS: TUES., OCTOBER 7TH & WED., OCTOBER 15TH FROM 10:00 AM TO 12:00 NOON

FAMILY ESTATE PLANNING REQUIRES IMMEDIATE SALE.

18 one and two story all brick and brick/wood façade buildings from 2929 sq. ft. to 7322 sq. ft. built bet. 1965-67 on 14 individual land parcels totaling 5.96 acres. 98 total units including (3) 4-BR/2 Bath, (1) 3-BR/1.5 Bath, (54) 2-BR/1.5 Bath, (39) 1-BR/1 Bath, and an on-site office with 3 Washers and 3 Dryers for community use. Over $600,000 in scheduled gross annual income at full occupancy. Currently 97% occupied with rents from $425 to $700/mo. Tenants responsible for electric and cable. Owner pays city water. 24 units feature central heat and A/C. SEE ATTACHED BROCHURE FOR MORE DETAILS. RENT ROLLS AVAILABLE UPON REQUEST.CALL JASON DOLPH AT OR 14 TOTAL NC PROPERTIES IN THE AUCTION

3623-3733 Hashem Dr. (formally Bahama Ct.) and 3807-3823 Annisa Ct. (formally Texas Ct.) in northwest Charlotte off Glenwood Dr. between Tuckaseegee Rd. and I-85 Exit 35 just 2 ½ Miles from Downtown. Charlotte frequently ranks as one of America' s most livable cities, and is the corporate home to Bank of America, Wachovia Bank, and the future NASCAR Hall of Fame. Convenient to city transit, airport, shopping, and schools.

PLEASE WHEN EMAILING FOR MORE INFORMATION, PLEASE INCLUDE YOUR MAILING ADDRESS AND MORE INFORMATION WILL BE SENT TO YOU VIA US MAIL. THANK YOU.

Map of 3623 Hashem Drive, Charlotte, NC 28208 (Mecklenburg County)

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