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.
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 |
Agent Information Michael Deaton
Location Map
TRAILS CORNER – 57 UNITS IN RALEIGH, NC
Address:
727 McMakin St, Raleigh, NC 27610, USA
Price: $
9,975,000
Unit:
57