21 UNITS NEAR N.C. STATE IN RALEIGH, N.C.

PRICE:
$ 3,500,000
STATUS:
Sold
ADDRESS:
1611 Collegeview Ave, Raleigh, NC 27606, USA
OVERVIEW:

SOLD 12/22/2023 FOR $3,500,000
$166,667 per unit

Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. Conveniently located just south of N.C. State University in Raleigh, N.C., Collegeview is a unique asset with nineteen, 2 BD/2 BA condos built in 1988 and two, detached houses built in the 1950’s. The property underwent light renovations between 2018 and 2020 and is fully-stabilized with an opportunity to renovate to a higher level and raise rents further.

 

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
Condos - 19 Units 2 BD / 2 BA 1,100 SF $1,300 AVG
House - 1609 2 BD / 1 BA 1,640 SF $1,795
House - 1613 4 BD / 3 BA 1,660 SF $2,025
PROPERTY INFORMATION
PIN 793370342 & 793278271
Tax Value $2,019,605
Taxes $24,750.36
Lot Size 2.10 ACRES
Year Built 1988, 1959, 1957
Exterior BRICK, WOOD, VINYL
Floors LVP, CARPET, VINYL
Foundation CRAWL
HVAC CENTRAL AIR, HEAT PUMP
Utilities PAID BY TENANTS, OWNER PAYS DUMPSTER AND AREA LIGHT
Legal Description SEE ADDRESS EXHIBIT
Appliances RANGE, REFRIGERATOR, DISHWASHER, WASHER/DRYER
Sold Date 2023-12-21
Zoning R-10

Location Map

21 UNITS NEAR N.C. STATE IN RALEIGH, N.C.
Address: 1611 Collegeview Ave, Raleigh, NC 27606, USA Price: $ 3,500,000 Unit: 21