SOLD 5/12/21 FOR $1,925,000
$137,500 per unit
Deaton Investment Real Estate represented the buyer and was the sole broker in this off-market transaction.
Built in 2001 as individual condos, Charleston Commons features fourteen, identical, three-bedroom and two-bathroom, single-story homes that have always operated and rented as apartments. The attractive floor plans are conveniently located in the growing suburb of Knightdale, about 20 minutes east of Downtown Raleigh, N.C. The investment offers the opportunity to capture income upside with operational and physical improvements.
| Unit | Type | Size | Rent |
|---|---|---|---|
| 14 | 3 BD/2 BA | 1,074 SF | $1,000 AVG. |
| PIN | 1754202999 |
| Tax Value | $1,632,428 |
| Taxes | $16,940 |
| Lot Size | 1.62 ACRES |
| Year Built | 2001 |
| Exterior | VINYL |
| Floors | LVT, CARPET, VINYL |
| Foundation | CRAWL |
| HVAC | CENTRAL A/C, HEAT PUMP |
| Utilities | PAID BY TENANTS |
| Legal Description | CHARLESTON COMMONS CONDOMINIUMS |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER/DRYER CONNECTIONS |
| Sold Date | 2021-05-12 |
| Zoning | GR8 |
Agent Information Michael Deaton