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

UnitTypeSizeRent
136 UNITS2 BD / 2.5 BA1010 SF$650 AVG
28 UNITS3 BD / 2.5 BA1230 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 02/03/2017