GLEN ROYALL MILL – 56 UNITS IN WAKE FOREST, NC
PRICE:
$
6,150,000
STATUS:
Sold
ADDRESS:
876 N Main St, Wake Forest, NC 27587, USA
OVERVIEW:
SOLD 1/31/24 FOR $6,150,000
$109,821 per unit
Deaton Investment Real Estate represented the buyer and GREA represented the seller in this off-market transaction. Conveniently located just north of Downtown Wake Forest, N.C., Glenn Royall Mill sits on more than 17 acres and was built in 1918 as part of the Glen Royall Mill Village District. In 1994 the property was renovated and converted into apartments with the assistance of Low Income Housing Tax Credits. These tax credit restrictions are set to expire in 2027. The property features a mix of one-, two-, and three-bedroom floorplans with hardwood floors and large windows.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 11 UNITS | 1 BD/1 BA | 575 SF | $800 AVG |
| 39 UNITS | 2 BD/1 BA | 625 SF | $950 AVG |
| 6 UNITS | 3 BD/1.5 BA | $1,050 AVG |
PROPERTY INFORMATION
| PIN | 1841764130 |
| Tax Value | $4,953,913 |
| Taxes | $58,616 |
| Lot Size | 17.12 ACRES |
| Year Built | 1918, RENOVATED 1994 |
| Exterior | BRICK |
| Floors | HARDWOOD, VINYL, CARPET |
| Foundation | SLAB, PARTIAL BASEMENT |
| HVAC | CENTRAL AIR, HEAT PUMPS |
| Utilities | OWNER PAYS WATER AND TRASH |
| Legal Description | GLEN ROYAL MILL BM2015-00598 |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER |
| Sold Date | 2024-01-31 |
Agent Information Thomas T Furlow
Location Map
GLEN ROYALL MILL – 56 UNITS IN WAKE FOREST, NC
Address:
876 N Main St, Wake Forest, NC 27587, USA
Price: $
6,150,000
Unit:
56