HAWTHORNE AT SIX FORKS – 600 UNITS IN NORTH RALEIGH, NC (2019)
PRICE:
$
63,000,000
STATUS:
Sold
ADDRESS:
6615 The Lakes Dr, Raleigh, NC 27609, USA
OVERVIEW:
SOLD 04/18/19 FOR $63,000,000
Deaton Investment Real Estate represented the buyer in the acquisition of Hawthorne North Ridge Apartments. Upon purchasing the property, the buyer re-branded the community as Willow Creek North Ridge. The seller was represented by ARA Newmark.
This core, B-class asset offers an opportunity to raise rents through strategic renovations. The property is located in North Raleigh within minutes of North Hills, I-440 and I-540. Originally built in 1973, the property offers attractive floor plans and amenity spaces.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 600 Units | 1 & 2 BEDROOM | 535 - 1000 SF | $735 - $950 |
PROPERTY INFORMATION
| PIN | 1717003706 |
| Tax Value | TBD |
| Taxes | TBD |
| Lot Size | 73 ACRES |
| Year Built | 1973 |
| Exterior | HARDBOARD |
| Floors | LVT, VINYL, CARPET |
| Foundation | SLAB |
| HVAC | CENTRAL AIR, HEAT PUMP |
| Utilities | PAID BY TENANT |
| Legal Description | LO3 NORTH RIDGE APARTMENTS BM2019-00636 |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER/DRYER |
| Sold Date | 2019-04-18 |
| Zoning | PUD |
Agent Information Michael Deaton
Location Map
HAWTHORNE AT SIX FORKS – 600 UNITS IN NORTH RALEIGH, NC (2019)
Address:
6615 The Lakes Dr, Raleigh, NC 27609, USA
Price: $
63,000,000
Unit:
600