SHAMMAH WINDS – 32 UNITS IN RALEIGH, NC

PRICE:
$ 3,500,000
STATUS:
Sold
ADDRESS:
1409 Sawyer Rd, Raleigh, NC 27610, USA
OVERVIEW:

SOLD 11/27/2023 FOR $3,500,000
$109,375 per unit

Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. Conveniently located just south of downtown Raleigh, N.C., Shammah Winds was originally built in 1972. The property was renovated in 1996 utilizing LIHTC resources. The tax credit restrictions are set to expire in 2026. The property features 32, identical, two-bedroom floorplans, an onsite office and laundry facility.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
32 UNITS 2BD/1BA 800 SF $848 AVG
PROPERTY INFORMATION
PIN 1703928873
Tax Value $961,740
Taxes $11,817
Lot Size 1.71 ACRES
Year Built 1972
Exterior VINYL
Floors CARPET, VINYL, LVP
Foundation SLAB
HVAC CENTRAL HEAT & AIR
Utilities TENANTS PAY UTILITIES
Legal Description 1405 SAWYER ROAD
Appliances RANGE, REFRIGERATOR, DISHWASHER, COMMON AREA LAUNDRY
Sold Date 2023-11-27
Zoning RX-3

Location Map

SHAMMAH WINDS – 32 UNITS IN RALEIGH, NC
Address: 1409 Sawyer Rd, Raleigh, NC 27610, USA Price: $ 3,500,000 Unit: 32