PINE RIDGE – 60 UNITS IN CARY, NC
PRICE:
$
12,000,000
STATUS:
Sold
ADDRESS:
409 Galveston Ct, Cary, NC 27513, USA
OVERVIEW:
SOLD 12/22/21 FOR $12,000,000
$200,000 per unit
Deaton Investment Real Estate 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.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 12 UNITS | 1BD/1BA | 725 SF | $1,050 |
| 35 UNITS | 2BD/1.5BA | 936-1,197 SF | $1,285 |
| 13 UNITS | 3BD/1.5BA | 1,197 SF | $1,375 |
PROPERTY INFORMATION
| PIN | 0764323860 |
| Tax Value | $4,773,887 |
| Taxes | $46,313.23 |
| Lot Size | 5.22 ACERS |
| Year Built | 1973 |
| Exterior | BRICK & VINYL |
| Floors | CARPET, VINYL |
| Foundation | SLAB |
| HVAC | CENTRAL A/C, HEAT PUMPS |
| Utilities | OWNER PAYS WATER |
| Legal Description | PINE RIDGE APTS |
| Appliances | RANGE, REFRIGERATOR, WASHER & DRYER CONNECTIONS |
| Sold Date | 2021-12-22 |
| Zoning | RMFP |
Agent Information Michael Deaton
Location Map
PINE RIDGE – 60 UNITS IN CARY, NC
Address:
409 Galveston Ct, Cary, NC 27513, USA
Price: $
12,000,000
Unit: