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53 UNITS IN WEST RALEIGH - WAYNERIDGE TOWNES

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Address

1601 HAMMOCK PLACE
RALEIGH, NC 27606

Overview

SOLD 9/21/17 FOR $4,900,000

Wayneridge Townes is a well-maintained property in a core, West Raleigh location. Built in 1984, all 53 units are 2-bedroom and 2.5-bath townhomes of approximately 1066 SF. The townhomes are clustered in sets of 2-, 3-, and 4-unit buildings. The property is located within minutes of Downtown Raleigh, N.C. State University and major retail centers in Cary.

Extensive exterior renovations and capital improvements were completed in 2016 giving the property great curb appeal. Current rents range from $700 to $900 with the lower rents simply lagging the market, At this time, the gross rent total is just under $40,000 per month. The newest leases are being signed at rates of $900+ per month. 

Link to Tax Records - 1601 Hammock Place

Link to Tax Records - 1600 Pinna Court

Additional Information:


Unit Information

UnitSizeTypeRent
53 UNITS 1,066 SF 2 BD/2.5 BA $900 MKT

Property Information

PIN
0783112194, 0783106925
Tax Value
$3,505,280
Taxes
$32,267.65
Lot Size
4.43 ACRES
Year Built
1984
Exterior
HARDBOARD, MASONITE
Floors
CARPET, VINYL
Foundation
SLAB
HVAC
CENTRAL AIR, HEAT PUMP
Utilities
OWNER PAYS DUMPSTER AND AREA LIGHTS, TENANTS PAY WATER AND ELECTRIC
Appliances
RANGE, REFRIGERATOR, DISHWASHER, STACK WASHER/DRYER
Zoning
R-10