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 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 | Owner Financing | NONE |
| Utilities | PAID BY TENANTS | Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER & DRYER CONNECTIONS |
| Legal Description | MISSION CAPITAL CROSSING APTS | Zoning | R-10 |
| Sold Date | 04/15/2021 |
