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 | 06/15/2017 |
