2404 Clark Avenue

2404 Clark Avenue, Raleigh NC 27607

$ 1,200,000

2404 Clark Avenue

2404 Clark Avenue, Raleigh NC 27607
Asset Type
Garden Apartments
Price
$ 1,200,000
Per Unit
$ 240,000
Total Units
5
Year Built
1930
Market
Cameron Village & NC State University
Status
In Contract

Highlights

RARE OPPORTUNITY for this 5-unit apartment building in a premier Raleigh location, only blocks from Cameron Village and NC State University
Fully occupied, solid brick building in a rapidly appreciating neighborhood with rents well-below market
Value-add opportunities include painting exterior for modernized look, updating units to maximize rents, capturing income from 4 onsite garages, sub-metering water for tenant reimbursement
Walking distance to Cameron Village Shops & Restaurants, NC State University, Hillsborough Street and Downtown Raleigh
The Cameron Village & NC State University submarket offers investors consistent uptrend in rents, tremendous economic growth and outstanding appreciation potential

Photos

Financials

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Location

Contact

TeamMembers-WayneBraren-Color-340x340

Wayne Braren

919-861-9730
Wayne@ApartmentCore.com
TeamMembers-MikeSiciliano-Color-340x340

Mike Siciliano

919-861-9730
Mike@ApartmentCore.com
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Eric Pagnozzi

919-861-9730
Eric@ApartmentCore.com

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