2821 Club Plaza RD Raleigh, NC 27603
5,742 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 5,742 sqft
Price per Sqft $208
MLS Listing ID 10142918
HOA Y/N No
Year Built 1984
Annual Tax Amount $10,408
Lot Size 5,742 Sqft
Acres 0.7
Lot Dimensions 185x165
Property Sub-Type Multi Family
Source Doorify MLS
Land Area 5742
Property Description
Current in-place rents average approximately $1,317 per unit, providing immediate income with the opportunity for continued rental growth. Costar estimated average market rents for 2 beds in South Raleigh at $1500. The asset offers a simple operational profile and benefits from steady tenant demand in the surrounding area.
This asset has been well cared for by ownership, including extensive capex work done to the property. Vinyl windows, doors, asphalt seal coat, cabinet and countertop refinishing, appliances, water heaters and more have been done under their ownership.
The property sits on approximately 0.7 acres with ample parking, and provides convenient access to major employment centers and transportation corridors. A GoRaleigh public transit stop is located roughly 0.2 miles away, while Downtown Raleigh is approximately four miles, Dix Park 2.4 miles, Downtown Garner five miles, and Interstate 40 just over one mile from the site.
Location
State NC
County Wake
Area 0.7
Zoning R-10
Interior
Interior Features Bathtub/Shower Combination, Living/Dining Room Combination
Cooling Central Air
Flooring Tile, Vinyl
Fireplace No
Appliance Microwave
Laundry In Unit
Exterior
Utilities Available Cable Available, Electricity Connected, Water Connected
Roof Type Architectural Shingle
Garage No
Building
Water Public
New Construction No
Others
Tax ID 170209173010000 0041176
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
