TRAILS CORNER – 57 UNITS IN RALEIGH, NC

PRICE:
$ 9,975,000
STATUS:
Sold
ADDRESS:
727 McMakin St, Raleigh, NC 27610, USA
OVERVIEW:

SOLD 11/30/2022 FOR $9,975,000
$175,000 per unit

Deaton Investment Real Estate represented the buyer and Marcus & Millichap represented the seller in this transaction. Trails Corner is a 57-unit apartment community that is located within close proximity to the urban core and Central Business District of Downtown Raleigh. Built in 1988-1990, this asset features spacious two- and three-bedroom floorplans, and one single family home. This was a great opportunity to acquire a value-add property in a submarket poised for substantial long-term growth.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
28 UNITS 2BD/1BA 1,000 SF $1,350
28 UNITS 3BD/1BA 1,200 SF $1,450
SINGLE FAMILY HOME 4BD/2BA 2,000 SF $1,866
PROPERTY INFORMATION
PIN 1713034276
Tax Value $4,674,821
Taxes $48,472.57
Lot Size 6.86 ACRES
Year Built 1989
Exterior BRICK & SIDING
Floors CARPET, VINYL, LVP
Foundation CRAWL
HVAC CENTRAL AIR / HEAT PUMPS
Utilities OWNER PAYS COMMON AREA ELECTRIC
Legal Description LOGR PT TRAILS CORNER APARTMENTS LLC (UNRCD SRVY)
Appliances RANGE, REFRIGERATOR, MICROWAVE, W/D CONNECTION
Sold Date 2022-11-30
Zoning RX-3

Location Map

TRAILS CORNER – 57 UNITS IN RALEIGH, NC
Address: 727 McMakin St, Raleigh, NC 27610, USA Price: $ 9,975,000 Unit: 57