164 UNITS IN RALEIGH – FOX RIDGE MANOR

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

Location Map

164 UNITS IN RALEIGH – FOX RIDGE MANOR
Address: 2200 Fox Ridge Manor Rd, Raleigh, NC 27610, USA Price: $ 8,500,000 Unit: 164