Dacian Apartments

567 Dacian Road, Raleigh NC 27610

$ 2,495,000

Dacian Apartments

567 Dacian Road, Raleigh NC 27610
Asset Type
Garden Apartments
Price
$ 2,495,000
Per Unit
$ 155,938
Total Units
16
Year Built
Built 1973 / Renovated 2020
Market
Raleigh-Durham
Status
Available

Highlights

PRICE REDUCED - NOW 6.62% CAP RATE for this recently renovated 16-unit multifamily by Downtown Raleigh, NC
Significant upside for Section 8 rents based on 2024 Fair Market Rents for subsidized 2-BR units in Raleigh (new threshold is $1,479 per month, effective January 2024)
Lots of capital improvements within the last few years including new roofs, new exterior staircases and landings, unit updates and more
Quaint residential setting directly adjacent to Dacian Road Park which includes a children's playground and immediate access to the Raleigh Greenway paved walking/biking trails
Situated in an extremely high-growth area only 2 miles from Downtown Raleigh and WakeMed Hospital with easy access to I-440, I-40, I-87/264 and future I-540

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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Justin Reilly

919-861-9730
Justin@ApartmentCore.com

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