CRABTREE NORTH – 51 UNITS IN RALEIGH, NC

PRICE:
$ 9,000,000
STATUS:
Sold
ADDRESS:
2251 Charles Dr, Raleigh, NC 27612, USA
OVERVIEW:

SOLD 5/17/2022 FOR $9,000,000
$176,471 per unit 

Deaton Investment Real Estate represented the seller in this off-market transaction. Crabtree North is a 51-unit garden-style community located in Raleigh, NC. Built in 1970, this property features two- and three-bedroom floorplans. Situated on 5+ acres, in a high-growth corridor, the buyer intends to redevelop the property.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
30 UNITS 2 BD/1.5 BA 951-1,047 SF $1,300
21 UNITS 3 BD/2 BA 1,137-1,233 SF $1,400
PROPERTY INFORMATION
PIN 0796519955
Tax Value 2,009,464
Taxes 19,972.08
Lot Size 5.19 ACRES
Year Built 1970
Exterior BRICK & SIDING
Floors CARPET, VINYL, LVP
Foundation SLAB
HVAC CENTRAL A/C, HEAT PUMP
Utilities TENANT PAYS UTILITIES
Legal Description LO3 OVERTURE AT CRABTREE NORTH BM2016-00218
Appliances RANGE, REFRIDGERATOR, DISHWASHER
Sold Date 2022-05-17
Zoning CX-12

Location Map

CRABTREE NORTH – 51 UNITS IN RALEIGH, NC
Address: 2251 Charles Dr, Raleigh, NC 27612, USA Price: $ 9,000,000 Unit: