THE GROVES APARTMENTS – 108 UNITS
PRICE:
$
8,075,000
STATUS:
Sold
ADDRESS:
5070 N New Hope Rd, Raleigh, NC 27604, USA
OVERVIEW:
SOLD 06/15/17 FOR $8,075,000 ($74,768/UNIT)
The Groves apartments is a 108-unit garden apartment community, centrally located off Highway 1 with easy access to I-540 and I-440 as well as several key employment centers. The unit mix contains a variety of 1 and 2 bedroom floorplans.
Deaton Investment Real Estate represented the buyer and the seller was represented by HFF.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 16 Units | 1 BD / 1 BA | 825 SF | $830 MKT |
| 20 Units | 2 BD / 1 BA | 1060 SF | $930 MKT |
| 20 Units | 2 BD / 2 BA | 1108 SF | $980 MKT |
| 52 Units | 1 BD / 1 BA | 767 SF | $820 MKT |
PROPERTY INFORMATION
| PIN | 1726542749 |
| Tax Value | $8,421,141 |
| Lot Size | 11.19 |
| Year Built | 1979 |
| Exterior | Aluminum Vinyl |
| Sold Date | 2017-06-15 |
Agent Information Steve Deaton
Location Map
THE GROVES APARTMENTS – 108 UNITS
Address:
5070 N New Hope Rd, Raleigh, NC 27604, USA
Price: $
8,075,000
Unit:
108