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Pinewood Apartments 109 W Poplar Ave 11 Unit Apartment Building $2,095,000 ($190,455/Unit) Carrboro, NC 27510
INVESTMENT HIGHLIGHTS
- PRICE REDUCED ON RARE OPPORTUNITY in Chapel Hill market for tastefully renovated 11-unit multifamily
- NICELY UPDATED UNITS with strong rents and a continuously rising rental market
- EXCELLENT STUDENT HOUSING POTENTIAL if desired, situated one mile from the highly renowned and rapidly expanding UNC Chapel Hill
- WALK TO DOWNTOWN CARRBORO and only one mile from Chapel Hill and the University of North Carolina (UNC)
- ALL SINGLE-STORY BUILDINGS with lots of recent capital improvements and easy ground floor access to every apartment
EXECUTIVE SUMMARY
PRICE REDUCED ON RARE OPPORTUNITY in Chapel Hill market for tastefully renovated 11-unit multifamily!
PROPERTY FACTS
| Price | $2,095,000 | Apartment Style | Garden |
| Price Per Unit | $190,455 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.78 AC |
| No. Units | 11 | Building Size | 11,000 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1962/2024 |
| Price | $2,095,000 |
| Price Per Unit | $190,455 |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 11,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1962/2024 |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 11 | - | 900 |
1 1
Walk Score®
Very Walkable (73)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 9778660962 | Improvements Assessment | $985,400 |
| Land Assessment | $405,800 | Total Assessment | $1,391,200 |
PROPERTY TAXES
Parcel Number
9778660962
Land Assessment
$405,800
Improvements Assessment
$985,400
Total Assessment
$1,391,200
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Pinewood Apartments | 109 W Poplar Ave
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