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

Location Map

20 UNITS GLENWOOD SOUTH – ELIZABETH APARTMENTS
Address: 611 W Lane St, Raleigh, NC 27603, USA Price: $ 1,300,000 Unit: 20