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1400-1402 Gorman St
Raleigh, NC 27606
Woodall Apartments · Multifamily Property For Sale · 32 Units

Investment Highlights

  • 1.37 Acres
  • High Density Zone RX-3.
  • Proforma assumptions based on potential for approximately: o 261 space parking structure o 261-unit beds in three levels above parking structure sim
  • 32 1- Bdrm. 1 bath Units
  • Great Student Housing location across from NC STATE

Property Facts

No. Units 32
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 1.37 AC
Building Size 16,406 SF
Average Occupancy 72%
No. Stories 1
Year Built 1972
Parking Ratio 2.56/1,000 SF
Cross Streets Marcom St
Zoning RX-3

Amenities

Unit Amenities

  • Dishwasher
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Carpet

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 32 - 450

Property Taxes

Property Taxes

Parcel Number
0793.06-28-6512-000
Land Assessment
$1,440,000
Improvements Assessment
$1,878,002
Total Assessment
$3,318,002
  • Listing ID: 17648438

  • Date on Market: 11/6/2019

  • Last Updated:

  • Address: 1400-1402 Gorman St, Raleigh, NC 27606

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