OAK SQUARE – 24 UNITS IN WAKE FOREST

Price:

$2,220,000

Status:

Sold

Address:

343 W Oak Ave, Wake Forest, NC 27587, USA

Overview:

SOLD 1/27/20 FOR $2,220,000
Deaton Investment Real Estate represented the buyer in this transaction. The seller was represented by Waldrop Properties.

Oak Square apartments offer a great value-add opportunity in the affluent Wake Forest market. All units are two-bedroom floorplans with under market rents, offering the opportunity to capture income upside through strategic improvements.

Unit Information

UnitTypeSizeRent
24 UNITS2 BD/1 BA800 SF AVG$800 AVG

Property Information

PIN 1841560011 Tax Value $1,790,583
Taxes $18,142.82 Lot Size 1.36 ACRES
Year Built 1985 Exterior VINYL
Floors CARPET, VINYL Foundation CRAWL
HVAC CENTRAL AIR, HEAT PUMPS Owner Financing NONE
Utilities OWNER PAYS DUMPSTER Appliances RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS
Legal Description OAK SQUARE APARTMENTS BM1986-164 Zoning GR3
Sold Date 01/27/2020