15
0
5104 Hollyridge Drive
Raleigh, NC 27612
Residential (Apartment)
0.71 Acres
12700 Sqft Living Area
22 Bedrooms
22 Bathrooms (22 Full, 0 Half)
Year Built: 1986
$3,000,000
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Property Description
The Flats at Crabtree are 22 units are located in the heart of Raleigh, N.C., within minutes of multiple employment, retail, dining and entertainment centers. Originally built in 1986 as a hotel, the property was converted to apartments and completely renovated in 2019-2020. Renovations included all new plumbing and electrical, a new roof, windows, cabinets, counters, appliances, flooring, PTAC units, fixtures, and more. The property maintains an average occupancy of 95% and represents a great opportunity to acquire a turnkey asset in a great location. The property can be purchased free-and-clear or, on assumption of the existing agency debt for qualifying borrowers (loan balance is approximately $1.63m with a rate of 3.36%).
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Contact Details
Name: Thomas L Furlow
Email: steve@deaton.com
MLS Listing Id: 10004075
Agent Phone: (919) 412-3913
List Agent License:
Office Name: Deaton Investment Real Estate
Office Phone: (919) 847-1117
Office MLS Id: 3162
Listing Status: Active
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Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
