PARK PLACE – 100 LIHTC UNITS IN KNIGHTDALE, N.C.

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.

 

Link To Tax Records
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

Location Map

PARK PLACE – 100 LIHTC UNITS IN KNIGHTDALE, N.C.
Address: 202 Luxury Ln, Knightdale, NC 27545, USA Price: $ 11,153,850 Unit: