SOLD 6/7/2022 FOR $4,560,000
$190,000 per unit
Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. Located in northeast Raleigh, N.C., this 24-unit, garden-style building was built in 2003. The property features, large two-bedroom floorplans with classic finishes. The asset offers the opportunity to increase income through operational and strategic value-add improvements.
| Unit | Type | Size | Rent |
|---|---|---|---|
| 24 UNITS | 2 BD/2 BA | 1,025 SF | $1,295 |
| PIN | 1726555544 |
| Tax Value | $2,827,609 |
| Taxes | $27,992.63 |
| Lot Size | 1.61 |
| Year Built | 2003 |
| Exterior | BRICK & VINYL |
| Floors | LVP, CARPET, VINYL |
| Foundation | SLAB |
| HVAC | CENTRAL AIR, HEAT PUMP |
| Utilities | OWNER PAYS WATER |
| Legal Description | LO1 HOLLENDEN PLACE BM2005-01332 |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, MICROWAVE, WASHER/DRYER CONNECTIONS |
| Sold Date | 2022-06-07 |
| Zoning | RX-3 |
Agent Information Thomas T Furlow