Dacian Road

564 Dacian Road, Raleigh NC 27610

$ 2,495,000

Dacian Road

564 Dacian Road, Raleigh NC 27610
ASSET TYPEGarden Apartments
PRICE$ 2,495,000
PER UNIT$ 155,938
TOTAL UNITS16
OCCUPANCY95%
YEAR BUILTBuilt 1973 / Renovated 2020
MARKETDowntown Raleigh
STATUSAvailable

Highlights

➤ PRICE JUST REDUCED on this renovated 16-unit multifamily asset inside the I-440 Beltline in Downtown Raleigh, North Carolina

➤ Significant upside in rents based on 2021 Fair Market Rent for subsidized 2-BR units in Raleigh (current threshold is $1,200 per month)

➤ Lots of recent capital improvements 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 City Center, Downtown South and WakeMed Hospital with easy access to I-440, I-40 and I-87/264

Photos

Financials

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Location

Contact

Mike Siciliano

919.861.9730 x2
Mike@ApartmentCore.com