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 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 | 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 | Owner Financing | NONE |
| Utilities | OWNER PAYS WATER | Appliances | RANGE, REFRIGERATOR, WASHER & DRYER CONNECTIONS |
| Legal Description | PINE RIDGE APTS | Zoning | TC-C |
| Sold Date | 12/16/2020 |
