ARBOR CREST – 199 UNITS IN RALEIGH

PRICE:
$ 19,900,000
STATUS:
Sold
ADDRESS:
5000 Windy Hill Dr, Raleigh, NC 27609, USA
OVERVIEW:

SOLD 9/17/19 FOR $19,900,000
Deaton Investment Real Estate represented the buyer in this off-market transaction and was the sole broker.

Located five miles north of Downtown Raleigh, Arbor Crest Apartments offers residents a Midtown location with easy access to dining, retail, employment and entertainment options. Built in 1978, the property offers an attractive mix of floor plans with original finishes. The property features mature landscaping on more than 24 acres, providing a scenic and peaceful setting. Property amenities include a swimming pool, clubhouse, laundry facilities, playground, picnic area with grills and private patios. With strategic renovations, rents can be raised to market allowing the buyer to realize a significant revenue upside.

 

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
40 1 BD/1 BA 688 SF $702 AVG.
38 1 BD/1.5 BA 734 SF $730 AVG.
14 2 BD/1.5 BA 1,083 SF $871 AVG.
88 2 BD/2 BA 1,002 SF $823 AVG.
19 3 BD/2.5 BA 1,320 SF $990 AVG.
199 UNITS 924 SF AVG. $800 AVG.
PROPERTY INFORMATION
PIN 1716556594
Tax Value $14,094,374
Taxes $167,299
Lot Size 24.56 ACRES
Year Built 1978
Exterior VINYL, WOOD, BRICK
Floors CARPET, VINYL, LVT
Foundation SLAB
HVAC CENTRAL AIR
Utilities OWNER PAYS WATER
Legal Description TRACTS 1 & 2 PROP QUAIL DEVELOPMENT CO
Appliances RANGE, REFRIGERATOR, DISHWASHER, WASHER/DRYER CONNECTIONS
Sold Date 2019-09-17
Zoning R-10

Location Map

ARBOR CREST – 199 UNITS IN RALEIGH
Address: 5000 Windy Hill Dr, Raleigh, NC 27609, USA Price: $ 19,900,000 Unit: