12 UNITS IN GARNER

Price:

$825,000

Status:

Under Contract

Address:

1400 Creech Rd, Garner, NC 27529, USA

Overview:

These twelve units are four miles from Downtown Raleigh and just over three miles from the new Amazon Distribution Center in Garner. The property features ten, two-bedroom apartments and two, one-bedroom apartments. Eleven units are in the front building and there is detached building in the rear which is a one-bedroom (unit #12). Built in 1960, the property could achieve higher rents through strategic renovations and capital improvements. Situated on 1.6 acres and surrounded by multiple new developments, this property could also offer redevelopment opportunities.

Unit Information

UnitTypeSizeLeaseRent
11 BD/1 BA650 SF1/31/20$500
22 BD/1 BA765 SFM-M$500
32 BD/1 BA765 SF12/31/19$500
42 BD/1 BA765 SF8/31/19$750
52 BD/1 BA765 SF12/31/19$525
62 BD/1 BA765 SF8/31/18$535
72 BD/1 BA765 SF7/31/18$760
82 BD/1 BA765 SFM-M$550
92 BD/1 BA765 SF2/29/20$750
102 BD/1 BA765 SFM-M$550
112 BD/1 BA765 SFM-M$550
121 BD/1 BA480 SF4/30/20$600
TOTAL 8,780 SF $7,070

Property Information

PIN 1711896669 Tax Value $564,046
Taxes $4,472.60 Lot Size 1.64 ACRES
Year Built 1960 Exterior BRICK, BLOCK
Floors TILE, CARPET Foundation SLAB
HVAC WINDOW A/C, HEAT IS BASEBOARD, WALL OR RADIANT Owner Financing NONE
Utilities OWNER PAYS WATER AND DUMPSTER (APPROX. $800/MO) Appliances RANGE, REFRIGERATOR
Legal Description C L KELLEY SB LTS144-158 INC PT L159-160 Zoning MF-1