BLUE RIDGE APARTMENTS – 48 UNITS

Price:

$6,500,000

Status:

Sold

Address:

601 Blue Ridge Rd, Raleigh, NC 27606, USA

Overview:

SOLD FOR $6,500,000 ON 9/21/2017.

Built in 2008, this apartment complex features 48 units with 2 BD/2 BA floor plans of approximately 1050 square feet. It is currently operated as a student property with most apartments rented by the bedroom. Deaton represented the seller in this off-market transaction.

Unit Information

UnitTypeSizeLeaseRent
482 BD / 2 BA1,050 SFFULLY LEASED$990/mo

Property Information

PIN 0784717698 Tax Value $4,860,794
Taxes $50,481.77 Lot Size 4.81
Year Built 2008 Exterior BRICK/VINYL
Foundation SLAB
HVAC CENTRAL Owner Financing NONE
Utilities OWNER PAYS WATER
Zoning R-10
Sold Date 09/21/2017