RIDGEWOOD – 50 LIHTC UNITS IN WAKE FOREST, N.C.
PRICE:
$
5,400,000
STATUS:
Sold
ADDRESS:
1000 Wait Ave, Wake Forest, NC 27587, USA
OVERVIEW:
SOLD 8/13/21 FOR $5,400,000
$108,000 per unit
Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction.
Ridgewood Apartments are located in the affluent and rapidly growing suburb of Wake Forest, N.C. Constructed in 1998, the property operates within affordable rent parameters as a part of Low-Income Housing Tax Credit development program. The asset is well-maintained and features an attractive mix of two- and three-bedroom, town home-style units.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 30 UNITS | 2 BD/1.5 BA | 895 SF | $885 |
| 20 UNITS | 3 BD/1.5 BA | 1,025 SF | $1,025 |
PROPERTY INFORMATION
| PIN | 1840987790 |
| Tax Value | $5,093,766 |
| Taxes | $56,776.74 |
| Lot Size | 4.67 ACRES |
| Year Built | 1998 |
| Exterior | VINYL |
| Floors | CARPET, VINYL, LVP |
| Foundation | SLAB |
| HVAC | CENTRAL A/C, HEAT PUMP |
| Utilities | PAID BY TENANTS |
| Legal Description | TRT D ANDREW & JEANETTE AMMONS BM1997-1420 |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER/DRYER CONNECTIONS |
| Sold Date | 2021-08-13 |
| Zoning | GR10 |
Agent Information Michael Deaton
Location Map
RIDGEWOOD – 50 LIHTC UNITS IN WAKE FOREST, N.C.
Address:
1000 Wait Ave, Wake Forest, NC 27587, USA
Price: $
5,400,000
Unit: