184 Units in North Raleigh
Address: |
214 Loft Ln, Raleigh, NC 27609, USA |
Overview: |
SOLD 8/17/18 for $24,000,000
$130,434/unit
Deaton Investment Real Estate represented the buyer in the acquisition of Hawthorne Midtown apartments. Upon purchasing the property, the buyer re-branded the community as Lofts at Midtown. The seller was represented by ARA Newmark.
This core, B-class asset offers an opportunity to raise rents through modest renovations. The property is located in North Raleigh along the Six Forks corridor, within minutes of North Hills, I-440 and I-540. Originally built in 1975, the 184-units are a mix of 1-, 2- and 3-bedroom units.
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