STUDENT HOUSING + RETAIL AT NC STATE

Price:

$6,200,000

Status:

Sold

Address:

105 Friendly Dr, Raleigh, NC 27607, USA

Overview:

SOLD 10/18/19 FOR $6,200,000
Deaton Investment Real Estate represented the buyer and the seller was represented by CityPlat.

This Class-A, student housing development is located adjacent to NC State University along the vibrant Hillsborough Street corridor. The building features a total of 49 bedrooms in 16 units and a ground floor retail space occupied by a premier Japanese restaurant. Built in 2016, the property offers residents top-of-line finishes in well-designed floor plans. The building is within steps of the NC State campus and highly-desirable shopping, dining and entertainment options.

Unit Information

UnitTypeRent
49 BEDSSTUDENT$780 AVERAGE
GROUND FLOOR RETAILRESTAURANT$8,705 NNN

Property Information

PIN 0794621216 Tax Value $3,994,920
Taxes $52,289.51 Lot Size .2 ACRES
Year Built 2016 Exterior BRICK, HARDBOARD
Floors HARDWOOD, TILE, LVT Foundation SLAB
HVAC CENTRAL AIR, HEAT PUMPS Owner Financing NONE
Utilities PAID BY OWNER Appliances RANGE, REFRIGERATOR, DISHWASHER, MICROWAVE, WASHER & DRYER
Legal Description LO100 REC LIBERTY HGTS BM2001-00171 Zoning NX-5
Sold Date 10/18/2019