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.
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 |
Agent Information Steve Deaton
Location Map
TREES & LEAVES APARTMENTS – 64 UNITS IN RALEIGH
Address:
1317 Kent Rd, Raleigh, NC 27606, USA
Price: $
4,950,000
Unit: