TREES & LEAVES APARTMENTS – 64 UNITS IN RALEIGH

PRICE:
$ 4,950,000
STATUS:
Sold
ADDRESS:
1317 Kent Rd, Raleigh, NC 27606, USA
OVERVIEW:

SOLD 6/28/19 FOR $4,750,000

Trees and Leaves Apartments are situated on 4.61 acres in west Raleigh, two miles from NC State University and four miles west of downtown Raleigh. Built in 1976, the property features 64, one-bedroom units clustered in eight, one-story buildings. The property is well positioned for the value-add investor to capture rental upside through strategic renovations.

Deaton Investment Real Estate was the Exclusive Listing Agent and the sole broker in the transaction.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
64 UNITS 1 BD/1 BA 400 SF $765 AVG (includes utilities)
PROPERTY INFORMATION
PIN 0793180624
Tax Value $3,097,928
Taxes $35,127.96
Lot Size 4.61 ACRES
Year Built 1976
Exterior WOOD
Floors VCT, TILE
Foundation SLAB
HVAC CENTRAL AIR, HEAT PUMPS
Utilities OWNER PAYS ALL UTILITIES
Legal Description PROP OF ECHIE HENDERSON
Appliances RANGE, REFRIGERATOR, DISHWASHER
Sold Date 2019-06-28
Zoning RX3 AND CM

Location Map

TREES & LEAVES APARTMENTS – 64 UNITS IN RALEIGH
Address: 1317 Kent Rd, Raleigh, NC 27606, USA Price: $ 4,950,000 Unit: