2821 Club Plaza Rd - Apartments FOR SALE


Raleigh, NC 27603- Parkland/Hidden Creek
$1,200,000 USD
919-760-0048
2821 Club Plaza Rd, Raleigh, NC for Sale
$1,200,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

2821 Club Plaza Rd
Raleigh, NC 27603
Parkland/Hidden Creek


HIGHLIGHTS

  • Located within an Opportunity Zone
  • 100% Leased
  • Washer/Dryer hookups throughout
  • Water and electricity separately metered

OVERVIEW

Everest Commercial Group is pleased to present 2821 Club Plaza Road, a 7-unit multifamily community located in South Raleigh, one of Raleigh’s most rapidly evolving submarkets. The property is situated within an Opportunity Zone and is fully stabilized at 100% occupancy. The community features a consistent unit mix of two-bedroom / one-bath residences averaging approximately 820 square feet, each equipped with washer and dryer hookups. Current in-place rents average approximately $1,317 per unit, providing immediate income with the opportunity for continued rental growth. The asset offers a simple operational profile and benefits from steady tenant demand in the surrounding area. 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.' Contact Everest Commercial Group for more details.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$209 USD /SF

# OF UNITS

7

PRICE/UNIT

$171,429

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

R-10

APN/PARCEL ID

1702.09-17-3010-000

ASK ABOUT THIS PROPERTY

Faysal MerhiEverest Commercial GroupMore Info
919-760-0048

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Faysal MerhiEverest Commercial GroupMore Info
919-760-0048

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