Trails Corner in Downtown Raleigh

804 McMakin Street, Raleigh NC 27610

$ 8,495,000

Trails Corner in Downtown Raleigh

804 McMakin Street, Raleigh NC 27610
ASSET TYPEGarden Apartments
PRICE$ 8,495,000
PER UNIT$ 149,035
TOTAL UNITS57
OCCUPANCY100%
YEAR BUILT1988
MARKETDowntown Raleigh
STATUSIn Contract

Financials

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Highlights

➤ Unprecedented opportunity in walking distance to Downtown Raleigh, situated in the midst of heavy neighborhood revitalization and major development in the works

➤ Only 1 mile from Downtown South, a proposed massive entertainment and mixed-use district to include a 20,000-seat sports stadium and over $1.9-billion in private development

➤ Offering includes 56 apartments and an adjacent single-family house, all situated directly in the "path of progress" in Downtown Raleigh

➤ Currently owner-managed at 100% occupancy with extremely spacious units and below-market rents, offering tons of upside for value-add investors

➤ This well-maintained asset sits next to the Raleigh Greenway Trail System and less than 1 mile from Interstate I-40, and only 3 miles from NC State University (NCSU)

Photos

Location

Contact

Mike Siciliano

919.861.9730 x2
Mike@ApartmentCore.com