MIDTOWN PARK – 60 UNITS IN RALEIGH, NC
PRICE:
$
9,670,000
STATUS:
Sold
ADDRESS:
5422 Tralee Pl, Raleigh, NC 27609, USA
OVERVIEW:
SOLD 4/9/21 FOR $9,670,000
($161,167 per unit)
Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction.
Midtown Park Aparments is located on Millbrook Road, near the intersection of Six Forks Road. This midtown location is a high-growth area where rental demand and rent growth has outpaced the market. The property features 60, townhome-style floor plans with high-end finishes offering a turn-key investment opportunity in one of the nations hottest growth markets.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 60 UNITS | 2 BD/1.5 BA | 1,100 SF APPROX. | $1,150 AVG. |
PROPERTY INFORMATION
| PIN | 1706668169 |
| Tax Value | $7,836,127 |
| Taxes | $76,030.68 |
| Lot Size | 5.85 ACRES |
| Year Built | 1971 |
| Exterior | BRICK, HARDBOARD |
| Floors | LVP, TILE, VINYL |
| Foundation | CRAWL |
| HVAC | CENTRAL A/C, HEAT PUMP |
| Utilities | WATER IS SUBMETERED |
| Legal Description | COLONY TOWNHOUSES PHIII |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER/DRYER |
| Sold Date | 2021-04-09 |
| Zoning | R-6 |
Agent Information Michael Deaton
Location Map
MIDTOWN PARK – 60 UNITS IN RALEIGH, NC
Address:
5422 Tralee Pl, Raleigh, NC 27609, USA
Price: $
9,670,000
Unit:
60