KNIGHTDALE MANOR – 32 UNITS IN KNIGHTDALE, NC (2021)
PRICE:
$
2,600,000
STATUS:
Sold
ADDRESS:
335 Railroad St, Knightdale, NC 27545, USA
OVERVIEW:
SOLD 3/1/21 FOR $2,600,000
Deaton Investment Real Estate represented the buyer and was the sole broker in this off-market transaction.
Located ten miles east of Downtown Raleigh, the town of Knightdale is a rapidly growing suburb of the Raleigh-Durham MSA. These 32 units feature two, brick duplexes built in 1968 with another 28, garden-style apartments built in 1976. Ownership has operated the property efficiently by keeping rents below-market, but there exist an opportunity to improve income and add value with strategic improvements.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 4 UNITS (DUPLEXES) | 2 BD/1 BA | 800 SF | $625 AVG. |
| 8 UNITS | 2 BD/1 BA | 805 SF | $575 AVG. |
| 12 UNITS (INCLUDES WATER) | 2 BD/1 BA | 815 SF | $650 AVG. |
| 8 UNITS | 3 BD/1 BA | 995 SF | $700 AVG. |
| 32 UNITS | 27,380 SF | $20,500 TOTAL |
PROPERTY INFORMATION
| PIN | 1754311446 |
| Tax Value | $2,451,083 |
| Taxes | $25,641.05 |
| Lot Size | 2.8 ACRES |
| Year Built | 1968 & 1976 |
| Exterior | BRICK, VINYL |
| Floors | TILE, LVT, VINYL, CARPET |
| Foundation | SLAB, CRAWL |
| HVAC | CENTRAL A/C, HEAT PUMP |
| Utilities | OWNER PAYS WATER AND DUMPSTER |
| Legal Description | LO1-5 JONES LD OAKWOOD ACRES |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER & DRYER, VARIES BY UNIT |
| Sold Date | 2021-03-01 |
| Zoning | MF |
Agent Information Michael Deaton
Location Map
KNIGHTDALE MANOR – 32 UNITS IN KNIGHTDALE, NC (2021)
Address:
335 Railroad St, Knightdale, NC 27545, USA
Price: $
2,600,000
Unit: