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131 Salvet St
Burlington, NC 27215
Oak Pointe Apartments · Multifamily Property For Sale · 100 Units
PROPERTY FACTS
| No. Units | 100 | Building Size | 110,250 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2012 |
| Building Class | B | Parking Ratio | 1.28/1,000 SF |
| Lot Size | 6.54 AC |
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 6.54 AC |
| Building Size | 110,250 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 2012 |
| Parking Ratio | 1.28/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer Hookup
- High Speed Internet Access
- Walk-In Closets
- Patio
- Wheelchair Accessible (Rooms)
Site Amenities
- Courtyard
- Laundry Facilities
- Maintenance on site
About 131 Salvet St , Burlington, NC 27215
Oak Pointe presents a rare opportunity for a new owner to acquire a stable and well occupied, quiet community in a great location of Burlington, North Carolina. This asset offers a spacious community layout in a neighborhood setting, with a laundry facility and ample parking. Built in 2012, Oak Pointe is a 100-unit multi-family apartment community comprised of one bedroom garden style units and two bedroom units with gourmet kitchens and oversized walk-in closets. In this convenient location just minutes from I-40/I-85 and you will find nearby schools, shopping, banking, dining and entertainment just minutes away. The current occupancy is 98% and this number has been stable. The asset has a loan which needs to be assumed at $8.2MM at 4.89% with 9 years remaining. The asset has good upside potential on rents and the transfer of water and Cable to the tenants in the near future.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | 750 |
| 2+1 | 60 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | 121850 | Improvements Assessment | $9,834,196 |
| Land Assessment | $559,350 | Total Assessment | $10,393,546 |
PROPERTY TAXES
zoning
| Zoning Code | MF A |
| MF A |
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