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.

 

Unit Information

UnitTypeSizeRent
60 UNITS2 BD/1.5 BA895 SF$900
40 UNITS3 BD/1.5 BA1,000 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 Owner Financing ASSUMABLE LOAN
Utilities PAID BY TENANTS Appliances RANGE, REFRIGERATOR, DISHWASHER, WASHER/DRYER CONNECTIONS
Legal Description ALTA/ACSM LAND TITLE PARK PLACE AP Zoning ER12
Sold Date 07/01/2021