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 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. |
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 | Owner Financing | NONE |
| Utilities | OWNER PAYS WATER | Appliances | RANGE, REFRIGERATOR, DISHWASHER, MICROWAVE, W/D CONNECTIONS |
| Legal Description | PROP NORTH BOULEVARD PLAZA BM1984-212 | Zoning | RX-3 |
| Sold Date | 12/30/2022 |
