SOLD 12/21/18 FOR $3,600,000
Colonial Arms Apartments are located within walking distance to NC State University Centennial Campus in Raleigh, NC. The property features a mix of two- and one-bedroom floorplans with brick exteriors. Since construction between 1968 and 1971, the property has been owned by the same family. The property was marketed for sale by the Overton Group who represented the seller in the transaction. Deaton Investment Real Estate represented the buyer.
| Unit | Type | Size | Rent |
|---|---|---|---|
| 42 UNITS | 2 BD/1.5 BA (TWO-STORY) | 1090 SF | $825 |
| 1 UNIT | 2 BD/1 BA | 900 SF | $900 MKT |
| 3 UNITS | 1 BD/1 BA | 815 SF | $1,725 |
| PIN | 0793364920 |
| Tax Value | $3,606,572 |
| Taxes | $40,325.41 |
| Lot Size | 3.3 ACRES |
| Year Built | 1968-1971 |
| Exterior | BRICK |
| Floors | CARPET, TILE, LVT |
| Foundation | CRAWL |
| HVAC | CENTRAL AIR, HEAT PUMP |
| Utilities | OWNER PAYS WATER |
| Legal Description | LO16-35 INC COLLEGE TERRACE |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, COMMON LAUNDRY |
| Sold Date | 2018-12-21 |
| Zoning | R-10 |
Agent Information Michael Deaton