MAPLE RIDGE – 95 LIHTC UNITS IN HOLLY SPRINGS, N.C.

Price:

$10,596,150

Status:

Sold

Address:

200 Guerin Rd, Holly Springs, NC 27540, USA

Overview:

SOLD 7/1/21 FOR $10,596,150
$111,538 per unit
Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction.

Maple Ridge Apartments are located fifteen miles southwest of downtown Raleigh in the rapidly growing suburb of Holly Springs, N.C. Constructed in 1994, the property operates within affordable rent parameters as a part of Low-Income Housing Tax Credit development program. The asset is well-maintained and features an attractive mix of two- and three-bedroom, town home-style units.

 

Unit Information

UnitTypeSizeRent
57 UNITS2 BD/1.5 BA895 SF$900
20 UNITS3 BD/1 BA1,000 SF$1,000
18 UNITS3 BD/1.5 BA1,000 SF$1,000

Property Information

PIN 0659225035 Tax Value $8,619,077
Taxes $89,952 Lot Size 9.65 ACRES
Year Built 1994 Exterior VINYL
Floors CARPET, VINYL, LVP Foundation SLAB
HVAC CENTRAL A/C, HEAT PUMP Owner Financing ASSUMABLE LOAN
Utilities PAID BY TENANTS Appliances RANGE, REFRIGERATOR, DISHWASHER, WASHER/DRYER CONNECTIONS
Legal Description MAPLE RIDGE APARTMENTS Zoning R-MF-8
Sold Date 07/01/2021