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.

Link To Tax Records
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

Location Map

RICHMOND HILLS – 51 UNITS IN RALEIGH, N.C.
Address: 2251 Charles Dr, Raleigh, NC 27612, USA Price: $ 6,200,000 Unit: