THE CHELSEA APARTMENTS – 280 UNITS IN RALEIGH, NC

PRICE:
$ 45,000,000
STATUS:
Sold
ADDRESS:
3008 Calvary Dr, Raleigh, NC 27604, USA
OVERVIEW:

SOLD 12/30/2022 FOR $45,000,000
$160,715 per unit

Deaton Investment Real Estate represented the buyer and was the sole broker in this off-market transaction. Located in Raleigh, N.C., the Chelsea Apartments is a 280-unit apartment community situated on a 14.8 acre site. Built in 1985, the property features a variety of one- and two-bedroom floorplans. Amenities include a clubhouse, fitness center, two pools, pet play area, playground, and laundry facilities.  This property presents an opportunity to acquire an asset in a competitive growth market and increase value through strategic improvements.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
96 UNITS 1BD/1BA 600 SF $995 (AVG)
64 UNITS 1BD/1BA 749 SF $1,016 (AVG)
80 UNITS 2BD/1.5BA 880 SF $1,164 (AVG)
40 UNITS 2BD/2BA 1,049 SF $1,277 (AVG)
PROPERTY INFORMATION
PIN 1726324278
Tax Value $21,564,612
Taxes $223,941.70
Lot Size 14.80 ACRES
Year Built 1985
Exterior BRICK, VINYL
Floors CARPET, VINYL, LVP
Foundation SLAB, CRAWL
HVAC CENTRAL A/C, HEAT PUMPS
Utilities OWNER PAYS WATER
Legal Description PROP NORTH BOULEVARD PLAZA BM1984-212
Appliances RANGE, REFRIGERATOR, DISHWASHER, MICROWAVE, W/D CONNECTIONS
Sold Date 2022-12-30
Zoning RX-3

Location Map

THE CHELSEA APARTMENTS – 280 UNITS IN RALEIGH, NC
Address: 3008 Calvary Dr, Raleigh, NC 27604, USA Price: $ 45,000,000 Unit: 280