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
1/25
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 at 8809 and 8813 Litchford Road, a newly constructed co-living community completed in 2023. The property consists of 2 duplexes, each containing 2 residential rental units with 4 bedrooms each for a total of 16 individually leased bedroom suites, each featuring a private full bathroom, secure keyed entry, and single-occupancy design. This purpose-built asset is positioned to capitalize on the growing demand for flexible, affordable housing while providing investors with a modern, income-producing multifamily property.

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.