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Exclusive & Confidential Offering
440 West Market Street | Greensboro, NC 27401 | 336-379-8771
Rick Baker, CCIM
Direct: 336-544-8013
Cell: 336-549-6083
[email protected] Commercial Sales & Leasing, Property Management, Development,
Apartments, Office, Industrial, Flex, Retail, Land
Russ Parmele, CCIM
Direct: 336-544-8006
Cell: 336-383-9820
COMMERCIAL REAL ESTATE
FOR SALE
Summer Pointe Apartments
440 West Market Street | Greensboro, NC | (336) 379-8771 | www.bipinc.com
Vince Howard [email protected] M: 336.655.1888 P: 336.724.1715
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Exclusive & Confidential
Burlington, NC
Investment Offering
Rick Baker CCIM, Broker [email protected] P: 336.544-8013 M: 336.549-6083
Great opportunity to purchase a 29-unit apartment complex in Burlington, NC. All 29 units
are currently occupied. This is a value added property with great potential.
Summer Pointe Apartments
Overview
Marketed by Brown Investment Properties Inc. 2 www.bipinc.com
Summer Pointe Apartments in Burlington, NC is a great opportunity for an
investor who is looking for a smaller complex with 100% occupancy, minimal to no deferred maintenance, in
a quiet residential family oriented neighborhood, and with professional management in place.
Summer Pointe Apartments are cash flowing and have value add potential to increase income. $29,822 was
invested in 2017 in CAPX improvements to the property.
Built in 1993 Summer Pointe Apartments consist of 29 garden style units (17 one-bedroom/one bath units and
12 two-bedroom/one-bath units) spread between five one story buildings.
All buildings are of wood frame construction on concrete slabs. Exteriors are of low maintenance vinyl with
pitched asphalt roofs and metal exterior doors.
One bedroom/one-bath units are 750 sf and two bedroom/one-bath units are 850 sf.
Interior finishes are dry wall with carpet or vinyl wood (LDP) floors. Plumbing is copper water lines and PVC
or PEX discharge lines. Electrical is copper. The complex is total electric and all units have central HVAC.
Tenants pay for electricity and landlord pays for water, sewer and trash pickup.
Kitchens are equipped with a frost-free refrigerator, electric stove/range combination with exhaust hood,
stainless steel double sinks, laminate counter tops and washer/dryer hookups. Bathrooms have vinyl floors,
resin countertops and fiberglass tub and shower combinations.
For details on Financials and a Current Rent Roll, please visit our online information vault at:
http://www.bipinc.com/client-signup/summer-pointe-apartments—-confidentiality-agreement
To access, hit the Control button and click on the link above, register for an account, sign the Confidentiality Agreement and then
proceed to the vault. If you have any questions or problems with the link, please contact Rick at 336-544-8013 or email him at
rbaker @bipinc.com
Summer Pointe Apartments
$1,950,000
Property Description
Address: 1410 Cleveland Avenue, Burlington, NC
Units: 29 Units : 17 (1-bedroom/1-bath) and 12 (2-bedroom/1-bath) Garden style apartments
Site Size: 4.08 +/- acres Parking: 58 spaces
440 West Market Street | Greensboro, NC | (336) 379-8771 | www.bipinc.com
Marketed by Brown Investment Properties Inc. 3 www.bipinc.com
Summer Pointe Apartments
Marketed by Brown Investment Properties Inc. 4 www.bipinc.com
Location Highlights Summary:
Conveniently located in the growing family oriented community of Burlington, NC halfway between
Greensboro to the west and the Raleigh/Durham/Research Triangle Park area to the east.
Easy access to Interstates 85 and 40 for commutes to Chapel Hill, Durham, Raleigh, Research
Triangle Park, Raleigh/Durham Airport, Greensboro, Winston-Salem, High Point, the Piedmont
Triad International Airport and the Raleigh/Durham International Airport.
Located within 60 miles of North Carolina State University, Duke University, University of North
Carolina-Chapel Hill and Wake Forest University; within 25 miles of North Carolina A&T
University, University of North Carolina-Greensboro, Guilford College, Greensboro College, the
Elon Law school, Bennett College and within 10 miles of Elon College.
Located within 10 miles of Burlington’s Alamance Crossing Life Style Shopping Center, Tanger
Outlet Center in Mebane and 20 miles from Durham’s South Pointe Life Style Shopping Center.
Property Highlights Summary:
Located within the Burlington City limits
Public water and sewer provided
Professional management in place
Complex of only 29 units located in an established residential area
17 one-bedroom/one bath (750 sf) and 12 two bedroom/one bath
(850 sf) garden style units
4.08 acres
Summer Pointe Apartments
Marketed by Brown Investment Properties Inc. 5 www.bipinc.com
Summer Pointe
Summer Pointe Apartments
Summer Pointe Apartments
Marketed by Brown Investment Properties Inc. 6 www.bipinc.com
Summer Pointe Apartments
Marketed by Brown Investment Properties Inc. 7 www.bipinc.com