COLONIAL ARMS – 46 UNITS IN RALEIGH, NC
PRICE:
$
6,070,000
STATUS:
Sold
ADDRESS:
1713 Crest Rd, Raleigh, NC 27606, USA
OVERVIEW:
SOLD 12/30/20 FOR $6,070,000
$131,956 per unit
Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. 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. Built between 1968 and 1971, the property has been well maintained, but offers the opportunity to capture income upside with strategic improvements.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 42 UNITS | 2 BD/1.5 BA (TWO-STORY) | 1090 SF | $1,350 SEC. 8 |
| 1 UNIT | 2 BD/1 BA | 900 SF | $1,350 SEC. 8 |
| 3 UNITS | 1 BD/1 BA | 815 SF | $2,700 |
PROPERTY INFORMATION
| PIN | 0793364920 |
| Tax Value | $5,050,833 |
| Taxes | $49,165.56 |
| Lot Size | 3.3 ACRES |
| Year Built | 1968-1971 |
| Exterior | BRICK |
| Floors | CARPET, TILE, LVT |
| Foundation | CRAWL |
| HVAC | CENTRAL AIR, HEAT PUMP |
| Utilities | WATER IS SUBMETERED |
| Legal Description | LO16-35 INC COLLEGE TERRACE |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, COMMON LAUNDRY |
| Sold Date | 2020-12-30 |
| Zoning | R-10 |
Agent Information Thomas T Furlow
Location Map
COLONIAL ARMS – 46 UNITS IN RALEIGH, NC
Address:
1713 Crest Rd, Raleigh, NC 27606, USA
Price: $
6,070,000
Unit: