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.

Link To Tax Records
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

Location Map

MIDTOWN PARK – 60 UNITS IN RALEIGH, NC
Address: 5422 Tralee Pl, Raleigh, NC 27609, USA Price: $ 9,670,000 Unit: