NORTH RALEIGH DUPLEXES – 10 UNITS
Price: |
$1,750,000 |
Status: |
Sold |
Address: |
5904 Applewood Ln, Raleigh, NC 27609, USA |
Overview: |
SOLD 12/14/2022 FOR $2,100,000 Deaton Investment Real Estate was the exclusive listing firm and the sole broker in this transaction. These Duplexes are located in the heart of the North Bend neighborhood in North Raleigh, N.C. There are five duplexes with 10 total units. The units are large, 2-bedroom 2.5-bathroom, town home-style apartments. This asset offers the opportunity for an investor to acquire a property in a desirable neighborhood that is well-positioned to increase income through operational and strategic value-add improvements. Each duplex is priced individually for $350,000 or they can be bought as a package. 5904/5906 Applewood Ln, 5905/5907 Applewood Ln, 5908/5910 Applewood Ln, 804/806 Flintwood Ct, 808/810 Flintwood Ct. |
Unit Information
| Unit | Type | Size | Lease | Rent |
|---|---|---|---|---|
| 5904 APPLEWOOD | 2BD/2.5BA | 1,232 SF | MONTH-TO-MONTH | $950 |
| 5906 APPLEWOOD | 2BD/2.5BA | 1,232 SF | MONTH-TO-MONTH | $950 |
| 5905 APPLEWOOD | 2BD/2.5BA | 1,220 SF | MONTH-TO-MONTH | $950 |
| 5907 APPLEWOOD | 2BD/2.5BA | 1,220 SF | MONTH-TO-MONTH | $875 |
| 5908 APPLEWOOD | 2BD/2.5BA | 1,208 SF | MONTH-TO-MONTH | $950 |
| 5910 APPLEWOOD | 2BD/2.5BA | 1,232 SF | 2/28/2023 | $1,150 |
| 804 FLINTWOOD | 2BD/2.5BA | 1,204 SF | MONTH-TO-MONTH | $925 |
| 806 FLINTWOOD | 2BD/2.5BA | 1,230 SF | MONTH-TO-MONTH | $975 |
| 808 FLINTWOOD | 2BD/2.5BA | 1,230 SF | NTV 10/15/2022 | $950 |
| 810 FLINTWOOD | 2BD/2.5BA | 1,230 SF | 10/31/2022 | $1,195 |
| 10 UNITS | 12,238 SF TOTAL | $9,870 TOTAL |
Property Information
| PIN | CONSULT TAX RECORDS | Tax Value | $1,556,350 |
| Taxes | $15,927.55 | Lot Size | 1.78 ACRES TOTAL |
| Year Built | 1979/1980 | Exterior | WOOD SIDING |
| Floors | CARPET, VINYL, LVP, TILE | Foundation | CRAWL SPACE |
| HVAC | CENTRAL AIR/HEAT PUMP | Owner Financing | NONE |
| Utilities | TENANT PAYS UTILITIES | Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER/DRYER CONNECTION |
| Legal Description | CONSULT TAX RECORDS | Zoning | R-6 |
| Sold Date | 12/14/2022 |
