2209 Garden Place Pl - Apartments FOR SALE


Raleigh, NC 27607- University
$2,650,000 USD
919-909-0004
2209 Garden Place Pl, Raleigh, NC for Sale
$2,650,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

2209 Garden Place Pl
Raleigh, NC 27607
University


HIGHLIGHTS

  • New construction, luxury student rental property
  • A+ location, steps to NC State campus & Hillsborough Street
  • Large, functional floor plans with 10 bedroom suites
  • Fully leased at $1,400 per bedroom, $168,000 gross annual revenue

OVERVIEW

Fully leased, new construction student rentals, steps to the NC State main campus, Hillsborough Street & The Village District. Modern kitchens with quartz countertops and stainless steel appliances. Private bedrooms with on-suite bathrooms. Hardwood-style flooring in main living areas. Walk-in closets. Extra office/den and loft spaces. Outdoor areas include front and rear porches and patios. Off-street parking. Washer/Dryer included with each unit. Revenue of $14,000 per month, $168,000 per year.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$467 USD /SF

# OF UNITS

3

PRICE/UNIT

$883,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2209, 2211, 2213 Garden Place

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

RX-3

APN/PARCEL ID

0794.20-92-4015-000

ASK ABOUT THIS PROPERTY

Johnny ChappellCompassMore Info
919-909-0004

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Johnny ChappellCompassMore Info
919-909-0004

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.