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

Location Map

THE GROVES APARTMENTS – 108 UNITS
Address: 5070 N New Hope Rd, Raleigh, NC 27604, USA Price: $ 8,075,000 Unit: 108