HOLDING 501 – 28 UNITS IN CLAYTON N.C.

PRICE:
$ 3,750,000
STATUS:
Off Market
ADDRESS:
501 Holding St, Clayton, NC 27520, USA
OVERVIEW:

501 Holding is conveniently located in Clayton, N.C., a rapidly-growing suburban market of the Raleigh MSA. Within 30 minutes of downtown Raleigh, N.C., the property is situated conveniently at the intersection of US-70 Business and NC-42. These 28 units provide a mixture of one-, two-, and three-bedroom floorplans.

Current ownership started pushing rents in the last 30 days, proving significant upside. Based on new rents, the Gross Potential Rent is above $36,000 per month. This represents tremendous upside to the investor seeking a value-add opportunity in a growing market.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
3 UNITS 1BD/1BA 660 SF $900
22 UNITS 2BD/1BA 784 SF $1,200
2 UNITS 2BD/1BA 910 SF $1,200
1 UNIT 3BD/2BA 1,008 SF $1,350
PROPERTY INFORMATION
PIN 166805-08-3742, 166805-08-5538
Tax Value $1,569,910
Taxes $20,565.82
Lot Size 1.88 ACRES
Year Built 1992, 1993, 1997
Exterior MASONITE & VINYL
Floors CARPET, VINYL, LVP
Foundation CRAWL SPACE
HVAC CENTRAL AIR/PTAC UNITS
Utilities OWNER PAYS DUMPSTER AND COMMON AREA ELECTRIC
Legal Description LOTS 75-78 HEAVNER HOLDING 10/213, LOTS 75-78 HEAVNER HOLDING 10/213
Appliances RANGE, REFRIGERATOR, DISHWASHER, WASHER/DRYER CONNECTION
Zoning R-10

Location Map

HOLDING 501 – 28 UNITS IN CLAYTON N.C.
Address: 501 Holding St, Clayton, NC 27520, USA Price: $ 3,750,000 Unit: