20 UNITS GLENWOOD SOUTH – ELIZABETH APARTMENTS
PRICE:
$
1,300,000
STATUS:
Sold
ADDRESS:
611 W Lane St, Raleigh, NC 27603, USA
OVERVIEW:
SOLD FOR $1,300,000 ON 7/19/12 – OFF MARKET TRANSACTION
20 1-BR Apts in the heart of the thriving Glenwood South District. Walking distance to multiple bars, restaurants and office buildings. An extrordinary opportunity to own a superior asset for long term hold. Current rents well below market. Incredible upside potential.
- 20 All Brick One Bedroom Units
- Irreplacable Asset due to extremely high land cost
- New construction 1 Br’s in Glenwood South rent for $1,000/mo+
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 20 UNITS | 1 BD / 1 BA | 460 SQ FT | $470/MO AVG |
PROPERTY INFORMATION
| PIN | 1704403359 |
| Tax Value | $1,309,077 |
| Taxes | $13,308.80 |
| Lot Size | .77 ACRES |
| Year Built | 1958 |
| Exterior | BRICK VENEER |
| Floors | HARDWOOD, CARPET, VINYL |
| Foundation | SLAB |
| HVAC | WINDOW AC, RADIANT CEILING, BASEBOARD |
| Utilities | SEE EXPENSES |
| Legal Description | ELIZABETH APARTMENTS, DD BK 12163, P 1398 |
| Appliances | REFRIGERATOR/RANGE |
| Sold Date | 2012-07-19 |
| Zoning | RB |
Agent Information Steve Deaton
Location Map
20 UNITS GLENWOOD SOUTH – ELIZABETH APARTMENTS
Address:
611 W Lane St, Raleigh, NC 27603, USA
Price: $
1,300,000
Unit:
20