SOLD 6/15/16 FOR $1,240,000
Deaton Investment Real Estate, Inc represented a buyer in the acquisition of Berkshire Apartments in Smithfield, NC. The stabilized asset has 24, 2 BD/ 1 BA units and represented a value-add opportunity with immediate cash flow.
Income Properties of Raleigh, NC represented the seller in the transaction.
| Unit | Type | Size | Rent |
|---|---|---|---|
| 24 Units | 2 BD / 1 BA | Varies | $590 AVG |
| PIN | 15004199X |
| Tax Value | $746,280 |
| Taxes | $10,075 |
| Lot Size | 2.71 |
| Year Built | 1979 |
| Exterior | Wood |
| Floors | Carpet, Vinyl |
| Foundation | Crawl, Slab |
| HVAC | Heat Pump |
| Utilities | Paid by tenant |
| Legal Description | SELMA RD 2604-04-9587 |
| Appliances | Range, Refrigerator, W/D Connections |
| Sold Date | 2016-06-15 |
| Zoning | Res |
Agent Information Steve Deaton