CREEKSIDE APARTMENTS – 38 UNITS IN WAKE FOREST, NC
PRICE:
$
4,100,000
STATUS:
Sold
ADDRESS:
361 S Franklin St, Wake Forest, NC 27587, USA
OVERVIEW:
SOLD 9/14/2023 FOR $4,100,000
$107,895 per unit
Deaton Investment Real Estate represented the buyer and Capstone represented the seller in this transaction. Conveniently located just south of downtown Wake Forest, N.C., Creekside Apartments was originally built in 2001 as a LIHTC deal with tax credits set to expire in 2030. The property is situated on approximately 3.50 acres and features attractive two- and three-bedroom floorplans. Amenities include an onsite clubhouse, and playground. This offering presents the opportunity to acquire a newer vintage asset at an attractive basis in a growing submarket.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 28 UNITS | 2BD/1BA | 860 SF | $675 |
| 10 UNITS | 3BD/2BA | 1,094 SF | $970 |
PROPERTY INFORMATION
| PIN | 1840690394 |
| Tax Value | $1,369,535 |
| Taxes | $16,573.47 |
| Lot Size | 3.50 ACRES |
| Year Built | 2001 |
| Exterior | BRICK, VINYL |
| Floors | CARPET, VINYL, LVP |
| Foundation | SLAB |
| HVAC | CENTRAL HEAT & AIR |
| Utilities | TENANTS PAY UTILITIES |
| Legal Description | CREEKSIDE HOUSING LLC BM1999-01766 |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS |
| Sold Date | 2023-09-14 |
| Zoning | UMX |
Agent Information Michael Deaton
Location Map
CREEKSIDE APARTMENTS – 38 UNITS IN WAKE FOREST, NC
Address:
361 S Franklin St, Wake Forest, NC 27587, USA
Price: $
4,100,000
Unit:
38