VARSITY PLACE – 5 UNITS AT N.C. STATE

Price:

$1,250,000

Status:

Under Contract

Address:

1410 Varsity Dr, Raleigh, NC 27606, USA

Overview:

Located within steps of the N.C. State campus, Varsity Place apartments offer attractive finishes, roommate-friendly floorplans and an excellent location. This package offering includes a duplex at 1410-01 & 1410-02 Varsity Drive, a single-family at 1414 Varsity Drive and a duplex at 1400-01 & 1400-02 Crest Road. All five units are rented until July of 2021. The properties have been very well-maintained. See the full rent roll and unit mix below and the link to additional information below for a complete list of replacement dates and floorplans. The owner is also selling the adjacent duplex at 1409 Collegeview for $465,000.

Unit Information

UnitTypeSizeLeaseRent
1410-01 VARSITY3 BD/3 BA1,350 SF7/15/21$1,680
1410-02 VARSITY3 BD/3 BA1,350 SF7/15/21$1,680
1414 VARSITY 4 BD/3 BA1,526 SF7/15/21$2,160
1400-01 CREST3 BD/3 BA1,350 SF7/15/21$1,680
1400-02 CREST3 BD/3 BA1,350 SF7/15/21$1,680
TOTAL 6,926 SF $8,880

Property Information

PIN 0793386496, 0793386421, 0793386395 Tax Value $742,717
Taxes $7,214.44 Lot Size .56 ACRES
Year Built DUPLEXES IN 1999 & SINGLE-FAMILY IN 1957 Exterior VINYL, BRICK
Floors CARPET, VINYL / SINGLE-FAMILY HAS HARDWOOD Foundation CRAWL
HVAC CENTRAL AIR, HEAT PUMPS Owner Financing NONE
Utilities OWNER PAYS WATER FOR THE DUPLEXES AND PARKING LIGHTS Appliances RANGE, REFRIGERATOR, DISHWASHER, WASHER & DRYER
Legal Description SUB BM1997-00318 Zoning R-10