SOLD 12/29/22 FOR $2,150,000
$89,583 per unit
Deaton Investment Real Estate represented the buyer and was the sole broker in this transaction. Berkshire Apartments is located in Smithfield, N.C., a growing suburb of Raleigh. The stabilized asset has 24, 2 BD/ 1 BA units and represents a great a value-add opportunity.
| Unit | Type | Size | Rent |
|---|---|---|---|
| 24 UNITS | 2BD/1BA | 1,000 SF AVG | $575-$775 |
| PIN | 15004199X |
| Tax Value | $1,640,380 |
| Taxes | $21,324.94 |
| Lot Size | 2.71 ACERS |
| Year Built | 1979 |
| Exterior | BRICK |
| Floors | CARPET, VINYL |
| Foundation | SLAB, CRAWL |
| HVAC | CENTRAL AIR, HEAT PUMPS |
| Utilities | PAID BY TENANTS |
| Legal Description | METES AND BOUNDS BERKSHIRE RD |
| Appliances | RANGE, REFRIGERATOR, WASHER & DRYER CONNECTIONS |
| Sold Date | 2021-12-29 |
| Zoning | RES |
Agent Information Michael Deaton