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
$108,00 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.

Link To Tax Records
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

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: