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.

Link To Tax Records
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

Location Map

COLONIAL ARMS – 46 UNITS IN RALEIGH, NC
Address: 1713 Crest Rd, Raleigh, NC 27606, USA Price: $ 6,070,000 Unit: