PARK PLACE – 100 LIHTC UNITS IN KNIGHTDALE, NC
PRICE:
$
11,153,850
STATUS:
Sold
ADDRESS:
202 Luxury Ln, Knightdale, NC 27545, USA
OVERVIEW:
SOLD 7/1/21 FOR $11,153,850
$111,538 per unit
Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction.
Park Place Apartments are located ten miles east of downtown Raleigh in the rapidly growing suburb of Knightdale, N.C. Constructed in 1999, the property operates within affordable rent parameters as a part of Low-Income Housing Tax Credit development program. The asset is very well-maintained and features an attractive mix of two- and three-bedroom, town home-style units.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 60 UNITS | 2 BD/1.5 BA | 895 SF | $900 |
| 40 UNITS | 3 BD/1.5 BA | 1,000 SF | $1,000 |
PROPERTY INFORMATION
| PIN | 1754136718 |
| Tax Value | $10,450,939 |
| Taxes | $108,094 |
| Lot Size | 11.75 ACRES |
| Year Built | 1999 |
| Exterior | VINYL |
| Floors | CARPET, VINYL, LVP |
| Foundation | SLAB |
| HVAC | CENTRAL A/C, HEAT PUMP |
| Utilities | PAID BY TENANTS |
| Legal Description | ALTA/ACSM LAND TITLE PARK PLACE AP |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER/DRYER CONNECTIONS |
| Sold Date | 2021-07-01 |
| Zoning | ER12 |
Agent Information Michael Deaton
Location Map
PARK PLACE – 100 LIHTC UNITS IN KNIGHTDALE, NC
Address:
202 Luxury Ln, Knightdale, NC 27545, USA
Price: $
11,153,850
Unit:
100