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

UnitTypeSizeRent
64 UNITS1 BD/1 BA400 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 Owner Financing NONE
Utilities OWNER PAYS ALL UTILITIES Appliances RANGE, REFRIGERATOR, DISHWASHER
Legal Description PROP OF ECHIE HENDERSON Zoning RX3 AND CM
Sold Date 06/28/2019