Sunrise Apartments

723 South Scientific St, High Point NC 27260

$ 2,050,000

Sunrise Apartments

723 South Scientific St, High Point NC 27260
Asset Type
Garden Apartments
Price
$ 2,050,000
Per Unit
$ 85,417
Total Units
24
Year Built
1991, 1986, 1990
Market
Piedmont-Triad
Status
In Contract

Highlights

Ideal 24-unit value play with over $150 rent bumps in the High Point, North Carolina market
Current rents average in the $500's with new leases already in place at $700, prior to any unit remodel except new flooring
Significant upside in rents available without updating any units, while even more upside can be captured by updating the units
New roofs on all buildings, new parking lot, and new LVP flooring in 22 of the 24 units
Only 2 miles from downtown High Point and I-85/I-74 with easy access to all surrounding areas

Photos

Financials

Please Login to view documents and financials.  If you need a Login, CLICK HERE
Need a Login? Click Here   |   Forgot Password? Click Here

Location

Contact

TeamMembers-MikeSiciliano-Color-340x340

Mike Siciliano

919-861-9730 x2
Mike@ApartmentCore.com

Login

Need a Login? Click Here   |   Forgot Password? Click Here