COLLEGEVIEW 1611 | RALEIGH, NC
PRICE:
$
2,300,000
STATUS:
Sold
ADDRESS:
1611 Collegeview Ave, Raleigh, NC 27606, USA
OVERVIEW:
SOLD 11/30/17 FOR $2,300,000
This property offers an investor the chance to acquire a well-located asset that was recently renovated. Located on the southern edge of NC State University, the property is a short walk to campus and about two miles from downtown Raleigh.
There are 19, 2 BD/2 BA condos and two houses, totaling 21 units. The property is just reaching the point of stabilization now that renovations are complete. Current gross monthly rent is $22,735. Based on comparable properties, rents could be pushed over $25,000 per month.
The listing includes a .45 acre lot at 1612 Collegeview Avenue.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| Condos - 19 Units | 2 BD / 2 BA | 1,000 SF | $1,157 AVG |
| House - 1609 | 2 BD / 1 BA | 1,640 SF | $1,750 |
| House - 1613 | 4 BD / 3 BA | 1,660 SF | $1,650 |
PROPERTY INFORMATION
| PIN | SEE ADDRESS EXHIBIT |
| Tax Value | $1,486,143 |
| Taxes | $15,641.80 |
| Lot Size | APPRX. 2 ACRES |
| Year Built | 1988, 1959, 1957 |
| HVAC | CENTRAL AIR, HEAT PUMP |
| Utilities | PAID BY TENANTS, OWNER PAYS DUMPSTER AND AREA LIGHT |
| Legal Description | SEE ADDRESS EXHIBIT |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER/DRYER |
| Sold Date | 2017-11-30 |
Agent Information Steve Deaton
Location Map
COLLEGEVIEW 1611 | RALEIGH, NC
Address:
1611 Collegeview Ave, Raleigh, NC 27606, USA
Price: $
2,300,000
Unit:
21