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211 Ashe Ave
Raleigh, NC 27605
Pullen Station Lofts · Multifamily Property For Sale
·
100 Units
Property Facts
| No. Units | 100 | Average Occupancy | 98% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1984 |
| Apartment Style | Low-Rise | Parking Ratio | 4.89/1,000 SF |
| Building Class | C | Cross Streets | Dexter Pl |
| Lot Size | 1.72 AC | Parcel Number | 1703.05-19-3400-000 |
| Building Size | 22,500 SF | ||
| Zoning | RX-3 | ||
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.72 AC |
| Building Size | 22,500 SF |
| Average Occupancy | 98% |
| No. Stories | 1 |
| Year Built | 1984 |
| Parking Ratio | 4.89/1,000 SF |
| Cross Streets | Dexter Pl |
| Zoning | RX-3 |
| Parcel Number | 1703.05-19-3400-000 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Ceiling Fans
- Vaulted Ceiling
- Refrigerator
Site Amenities
- Picnic Area
- Playground
- Tennis Court
- Furnished Units Available
- Trash Pickup - Curbside
About 211 ASHE AVE , RALEIGH, NC 27605
Capstone Apartment Partners is pleased to offer the truly unique opportunity to acquire Pullen Station: a 100-unit studio apartment community ideally located between North Carolina State University and the skyscrapers of downtown Raleigh. Pullen Station offers a timeless infill location that has benefitted tremendously from the in-place value-add program, which has provided an excellent foundation for new ownership to complete and take the property to the next level. As the demand for lower-cost housing options continues to increase, Pullen Station will be perfectly positioned and differentiated in the urban core submarket. With the majority of the heavy lifting complete and a proven interior value-add program nearly complete, new owners can immediately focus on driving NOI growth organically on renewals, while renovating the remaining units upon turnovers.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 100 | - | 225 |
