32 UNITS IN KNIGHTDALE, NC

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.

Link To Tax Records
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

Location Map

32 UNITS IN KNIGHTDALE, NC
Address: 335 Railroad St, Knightdale, NC 27545, USA Price: $ 2,600,000 Unit: