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.

Link To Tax Records
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

Location Map

PINE RIDGE – 60 UNITS IN CARY, NC
Address: 409 Galveston Ct, Cary, NC 27513, USA Price: $ 12,000,000 Unit: