SOLD 11/13/19 FOR $1,925,000
Deaton Investment Real Estate represented the buyer and was the sole broker in this off-market transaction.
These 16 units are located one mile north of Downtown Raleigh and about one-half mile south of the new Wegmans supermarket at Midtown East, inside Raleigh’s I-440 Beltline. The units are identical two-bedroom and one-bathroom floor plans with hardwood floors. Built in 1958, the property features one-story buildings with brick exteriors. The windows and roofs were all replaced between 2014 and 2017.
| Unit | Type | Size | Rent |
|---|---|---|---|
| 16 UNITS | 2 BD/1 BA | 742 SF APPROX. | $835 AVERAGE |
| PIN | 1714198961 |
| Tax Value | PENDING 2019 REAPPRAISAL |
| Taxes | PENDING 2019 REAPPRAISAL |
| Lot Size | 1.94 ACRES |
| Year Built | 1958 |
| Exterior | BRICK |
| Floors | HARDWOOD, TILE, LVT |
| Foundation | CRAWL |
| HVAC | CENTRAL AIR |
| Utilities | PAID BY TENANTS |
| Legal Description | LO31 & LT 15A-15B 16A-16B FOR AC |
| Appliances | RANGE, REFRIGERATOR, W/D CONNECTIONS |
| Sold Date | 2019-11-13 |
| Zoning | R-10 |
Agent Information Thomas T Furlow