FOX RIDGE MANOR – 164 UNITS IN RALEIGH, NC
PRICE:
$
8,500,000
STATUS:
Sold
ADDRESS:
2200 Fox Ridge Manor Rd, Raleigh, NC 27610, USA
OVERVIEW:
CLOSED 2/3/17 FOR $8,500,000
($51,829/unit)
Located in the southern part of Raleigh, NC, Fox Ridge Manor was built in 1972. Featuring a mix of two- and three-bedroom, brick, town home-style units, the property is well-positioned for a value-add investor.
Deaton Investment Real Estate represented the buyer in this off-market transaction. The buyer was able to assume the existing loan at attractive loan terms and plans to make extensive capital improvements in order to raise rents.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 136 UNITS | 2 BD / 2.5 BA | 1010 SF | $650 AVG |
| 28 UNITS | 3 BD / 2.5 BA | 1230 SF | $750 AVG |
PROPERTY INFORMATION
| PIN | 1712575884 |
| Taxes | $8,035,522 |
| Lot Size | 27.46 ACRES |
| Year Built | 1972 |
| Exterior | BRICK, WOOD |
| Floors | CARPET, VINYL, TILE |
| Sold Date | 2017-02-03 |
Agent Information Steve Deaton
Location Map
FOX RIDGE MANOR – 164 UNITS IN RALEIGH, NC
Address:
2200 Fox Ridge Manor Rd, Raleigh, NC 27610, USA
Price: $
8,500,000
Unit:
164