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251 Northpoint Ave
High Point, NC 27262
Raintree Apartments · Multifamily Property For Sale
·
230 Units
PROPERTY FACTS
| No. Units | 230 | Building Size | 194,004 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1979/2020 |
| Building Class | C | Parking Ratio | 1.31/1,000 SF |
| Lot Size | 15.71 AC | ||
| Zoning | RM12 | ||
| No. Units | 230 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 15.71 AC |
| Building Size | 194,004 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built/Renovated | 1979/2020 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | RM12 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Walk-In Closets
SITE AMENITIES
- 24 Hour Access
- Business Center
- Clubhouse
- Courtyard
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Grill
- Laundry Service
ABOUT 251 NORTHPOINT AVE , HIGH POINT, NC 27262
Capstone Apartment Partners is pleased to offer the opportunity to acquire Raintree Apartments: a 230-unit apartment community located in the heart of the Triad Region of North Carolina. This asset is extremely well-positioned between the bustling North Main Street retail and Interstate 74 corridors of fast-growing High Point. Built in 1979, Raintree’s perfectly central location within the Triad, which consists of High Point, Greensboro, and Winston-Salem, and the demographic momentum of Guilford County bolster a proven value-add strategy. Additionally, the subject’s location offers excellent connectivity to a wide array of retail nodes and to all the Triad’s major economic drivers. Raintree represents an outstanding opportunity to invest in a great asset, mid-reposition, with a proven value-add story.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | 500 |
| 1+1 | 100 | - | 628 |
| 2+1 | 120 | - | 815 |
PROPERTY TAXES
| Parcel Number | 0199862 | Improvements Assessment | $10,846,300 |
| Land Assessment | $1,374,600 | Total Assessment | $12,220,900 |
PROPERTY TAXES
