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.

Link To Tax Records
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

Location Map

MISSION CAPITAL CROSSING – 356 UNITS IN RALEIGH, NC
Address: 4722 Dansey Dr, Raleigh, NC 27616, USA Price: $ 48,700,000 Unit: 356