RICHMOND HILLS – 51 UNITS IN RALEIGH, N.C.
PRICE:
$
6,200,000
STATUS:
Sold
ADDRESS:
2251 Charles Dr, Raleigh, NC 27612, USA
OVERVIEW:
SOLD 5/14/21 FOR $6,200,000
$121,568 per unit
Deaton Investment Real Estate represented the buyer in this transaction. The seller was represented by JLL.
Located just north of Crabtree Valley Mall, Richmond Hills apartments include a mix of two- and three-bedroom apartments spread over more than 5 acres. Built in 1970, the property offers a great value-add opportunity in one of Raleigh’s strongest submarkets. In addition, the site has been approved for development of up to 168 units in a 5-story design.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 20 UNITS | 2 BD/1.5 BA | 951-1,047 SF | $875 AVG. |
| 31 UNITS | 3 BD/2 BA | 1,137-1,233 SF | $950 AVG. |
PROPERTY INFORMATION
| PIN | 0796519955 |
| Tax Value | $4,596,953 |
| Taxes | TBD |
| Lot Size | 5.19 ACRES |
| Year Built | 1970 |
| Exterior | BRICK, VINYL |
| Floors | CARPET, VINYL, LVP |
| Foundation | SLAB, CRAWL |
| HVAC | CENTRAL A/C, HEAT PUMP |
| Utilities | PAID BY TENANTS |
| Legal Description | OVERTURE AT CRABTREE NORTH BM2016-00218 |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER |
| Sold Date | 2021-05-14 |
| Zoning | CX-12 |
Agent Information Michael Deaton
Location Map
RICHMOND HILLS – 51 UNITS IN RALEIGH, N.C.
Address:
2251 Charles Dr, Raleigh, NC 27612, USA
Price: $
6,200,000
Unit: