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.

Link To Tax Records
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

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