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Multifamily

Vance Street Apartments

715 Vance St, Mebane, NC 27302

Listing Price: Request For Offer

Number of Units
12
Gross SF
9,600

Investment Overview

Marcus & Millichap is pleased to present this Exclusive Listing for the Vance Street Apartments, a 12-unit duplex community located in Mebane, NC. Located just off W. Holt St and E. Center St the community offers close proximity to the Tangier Outlets and other surrounding economic generators including downtown Mebane, Downtown Burlington, Elon University, Alamance Community College and Cone Health Alamance Regional Medical Center. Residents enjoy the convenience and the low cost of living in one of the fastest growing municipalities in North Carolina. Vance Street Apartments consists of twelve, two-bedroom floor plans situated on 2.50+/- acres. Constructed in 1969 with brick exterior and a garden style design, the property was rehabbed in 2021. This asset represents a great opportunity for current ownership to increase rents, through the recent interior and exterior improvements to the property and to take advantage of the demand for upgraded units within the submarket. With strong growth within the Burlington market, the rent growth potential coupled with the convenience to I-40, I-85 and I-70, further add to the attractiveness of this long-term investment opportunity.

Investment Highlights

  • Convenient Locations with Easy Accessibility to Major Employers, Retail Corridors, Highways and Schools
  • Desirable Garden Style Duplex Asset with Rent Growth Potential
  • Recently Renovated Interiors and Exteriors, with just 2 of the 12 units has been renovated
  • New Flooring, Granite Countertops, Refreshed Kitchens and Bathrooms, New Appliances
  • Brick Exterior, Low Maintenance Property
  • Solid Market Fundamentals Combined with Strong Demographics in the Surrounding Area

Exclusively Listed By

Multifamily

Vance Street Apartments

Listing Price: Request For Offer

Number of Units
12
Gross SF
9,600

Investment Highlights

  • Convenient Locations with Easy Accessibility to Major Employers, Retail Corridors, Highways and Schools
  • Desirable Garden Style Duplex Asset with Rent Growth Potential
  • Recently Renovated Interiors and Exteriors, with just 2 of the 12 units has been renovated
  • New Flooring, Granite Countertops, Refreshed Kitchens and Bathrooms, New Appliances
  • Brick Exterior, Low Maintenance Property
  • Solid Market Fundamentals Combined with Strong Demographics in the Surrounding Area

Investment Overview

Marcus & Millichap is pleased to present this Exclusive Listing for the Vance Street Apartments, a 12-unit duplex community located in Mebane, NC. Located just off W. Holt St and E. Center St the community offers close proximity to the Tangier Outlets and other surrounding economic generators including downtown Mebane, Downtown Burlington, Elon University, Alamance Community College and Cone Health Alamance Regional Medical Center. Residents enjoy the convenience and the low cost of living in one of the fastest growing municipalities in North Carolina. Vance Street Apartments consists of twelve, two-bedroom floor plans situated on 2.50+/- acres. Constructed in 1969 with brick exterior and a garden style design, the property was rehabbed in 2021. This asset represents a great opportunity for current ownership to increase rents, through the recent interior and exterior improvements to the property and to take advantage of the demand for upgraded units within the submarket. With strong growth within the Burlington market, the rent growth potential coupled with the convenience to I-40, I-85 and I-70, further add to the attractiveness of this long-term investment opportunity.

Exclusively Listed By

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