PINE RIDGE – 60 UNITS IN CARY, NC

PRICE:
$ 8,200,000
STATUS:
Sold
ADDRESS:
409 Galveston Ct, Cary, NC 27513, USA
OVERVIEW:

SOLD 12/16/20 FOR $8,200,000
$136,667 per unit
Deaton represented the seller and was the sole broker in this off-market transaction.

Pine Ridge apartments feature 60 units within minutes of multiple dining, retail, entertainment and employment centers in the rapidly developing core of downtown Cary, N.C. Built in 1973, the property consists of eleven buildings situated on 5.22 acres. The seller maintained the property well, but the opportunity exists to add value and raise income with strategic improvements and renovations.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
12 UNITS 1 BD/1 BA - FLATS 725 SF $925
24 UNITS 2 BD/1 BA - TOWNHOMES 936 SF $1,025
11 UNITS 2 BD/2 BA - TOWNHOMES 1,197 SF $1,125
13 UNITS 3 BD/2 BA - TOWNHOMES 1,197 SF $1,175
PROPERTY INFORMATION
PIN 0764323860
Tax Value $4,773,887
Taxes $46,551.92
Lot Size 5.22 ACRES
Year Built 1973
Exterior BRICK, WOOD
Floors CARPET, VINYL
Foundation SLAB
HVAC CENTRAL A/C, HEAT PUMP
Utilities OWNER PAYS WATER
Legal Description PINE RIDGE APTS
Appliances RANGE, REFRIGERATOR, WASHER & DRYER CONNECTIONS
Sold Date 2020-12-16
Zoning TC-C

Location Map

PINE RIDGE – 60 UNITS IN CARY, NC
Address: 409 Galveston Ct, Cary, NC 27513, USA Price: $ 8,200,000 Unit: