8809-8813 Litchford Rd - Apartments FOR SALE


Raleigh, NC 27615- North Raleigh | 
$1,850,000 USD
919-637-6697
8809-8813 Litchford Rd, Raleigh, NC for Sale
$1,850,000 USD
Apartments - FOR SALE
1/21
null | 7.4% Cap Rate

8809-8813 Litchford Rd
Raleigh, NC 27615
North Raleigh


HIGHLIGHTS

  • Newly constructed co-living community completed in 2023.
  • Innovative co-living concept.
  • Stabilized multifamily investment.
  • Low-maintenance multifamily investment.
  • Positioned in one of the Triangle's strongest rental markets.
  • Capitalizes on the growing demand for flexible housing.

OVERVIEW

Presenting a unique multifamily investment opportunity located at 8809 and 8813 Litchford Road in Raleigh, NC, a newly constructed co-living concept completed in 2023. This property is 100% OCCUPIED. Demand for co-living has become quite strong in larger metropolitan areas and is now gaining momentum in the Raleigh market as renters seek flexible, affordable and move-in-ready housing. Rather than leasing each property to one household, the homes are leased by the bedroom. 18 Parking spaces available for tenants. Litchford offers two duplexes (four traditional rental units) providing 16 individually rentable suites. Residents enjoy a private furnished bedroom, full bathroom, and walk-in closet with a secure keyed entry while sharing the fully furnished kitchen, living and laundry areas. All furnishings convey.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$257 USD /SF

# OF UNITS

16

PRICE/UNIT

$115,625

CAP RATE

7.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

R-4

APN/PARCEL ID

1718.20-82-4125-000

ASK ABOUT THIS PROPERTY

Stacy Milburn, CCIMSVN | RaleighMore Info
919-637-6697

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Stacy Milburn, CCIMSVN | RaleighMore Info
919-637-6697

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