21 UNITS NEAR NC STATE
Price: |
$2,300,000 |
Status: |
Sold |
Address: |
1611 Collegeview Ave, Raleigh, NC 27606, USA |
Overview: |
SOLD 11/30/17 FOR $2,300,000 This property offers an investor the chance to acquire a well-located asset that was recently renovated. Located on the southern edge of NC State University, the property is a short walk to campus and about two miles from downtown Raleigh. There are 19, 2 BD/2 BA condos and two houses, totaling 21 units. The property is just reaching the point of stabilization now that renovations are complete. Current gross monthly rent is $22,735. Based on comparable properties, rents could be pushed over $25,000 per month. The listing includes a .45 acre lot at 1612 Collegeview Avenue. |
Unit Information
| Unit | Type | Size | Rent |
|---|---|---|---|
| Condos - 19 Units | 2 BD / 2 BA | 1,000 SF | $1,157 AVG |
| House - 1609 | 2 BD / 1 BA | 1,640 SF | $1,750 |
| House - 1613 | 4 BD / 3 BA | 1,660 SF | $1,650 |
Property Information
| PIN | SEE ADDRESS EXHIBIT | Tax Value | $1,486,143 |
| Taxes | $15,641.80 | Lot Size | APPRX. 2 ACRES |
| Year Built | 1988, 1959, 1957 | ||
| HVAC | CENTRAL AIR, HEAT PUMP | Owner Financing | NONE |
| Utilities | PAID BY TENANTS, OWNER PAYS DUMPSTER AND AREA LIGHT | Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER/DRYER |
| Legal Description | SEE ADDRESS EXHIBIT | ||
| Sold Date | 11/30/2017 |
