MISSION CAPITAL CROSSING – 356 UNITS IN RALEIGH, NC
PRICE:
$
48,700,000
STATUS:
Sold
ADDRESS:
4722 Dansey Dr, Raleigh, NC 27616, USA
OVERVIEW:
SOLD 4/15/21 FOR $48,700,000
$136,798 per unit
Deaton Investment Real Estate represented the buyer and was the sole broker in this off-market transaction.
Located between well-connected, employment-rich corridors in North Raleigh, Mission Capital Crossing Apartments feature 356 units spread over 39 acres. Built in 1985, the property offers a mix of one-, two- and three-bedroom floor plans in garden-style apartment buildings. The community features a clubhouse, basketball court, fitness center, soccer field, playground, and pool. The asset is stabilized and well-maintained, but offers economic upside with operational and value-targeted improvements.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 172 UNITS | 1 BD/1 BA | 825 SF APPROX. | $850 AVG. |
| 140 UNITS | 2 BD/1 BA | 1,120 SF APPROX. | $1,000 AVG. |
| 44 UNITS | 3 BD/2 BA | 1,400 SF APPROX. | $1,300 AVG. |
PROPERTY INFORMATION
| PIN | 1726636939 |
| Tax Value | $43,209,677 |
| Taxes | $419,858.83 |
| Lot Size | 39.62 ACRES |
| Year Built | 1985 |
| Exterior | BRICK, HARDBOARD |
| Floors | CARPET, VINYL, LVP |
| Foundation | SLAB, CRAWL |
| HVAC | CENTRAL A/C, HEAT PUMP |
| Utilities | PAID BY TENANTS |
| Legal Description | MISSION CAPITAL CROSSING APTS |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER & DRYER CONNECTIONS |
| Sold Date | 2021-04-15 |
| Zoning | R-10 |
Agent Information Michael Deaton
Location Map
MISSION CAPITAL CROSSING – 356 UNITS IN RALEIGH, NC
Address:
4722 Dansey Dr, Raleigh, NC 27616, USA
Price: $
48,700,000
Unit:
356