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2404-2410 1/2 Van Dyke Ave 6 Unit Apartment Building $1,675,000 ($279,167/Unit) Raleigh, NC 27607
Investment Highlights
- Located close to Oberlin Village in desirable ITB neighborhood.
- Brick exterior and private entrances for all units.
- Existing master lease in place through April 2028 with two additional extensions through April 2034.
- Large shared indoor common areas.
- Fully leased for 3 years. Single tenant occupying all units.
- Currently producing an annual revenue of $210,000. Rent roll available upon request.
Executive Summary
4,947 square feet - 6 units total. All 2 bedroom, 1 bath
Large .6 acre lot with a large yard and plenty of parking.
Large .6 acre lot with a large yard and plenty of parking.
Property Facts
| Price | $1,675,000 | Building Class | C |
| Price Per Unit | $279,167 | Lot Size | 0.62 AC |
| Sale Type | Investment | Building Size | 10,377 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2017 |
| Property Subtype | Apartment | Parking Ratio | 1.07/1,000 SF |
| Apartment Style | Low-Rise | Cross Streets | Tower St |
| Zoning | R-10 | ||
| Price | $1,675,000 |
| Price Per Unit | $279,167 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 10,377 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2017 |
| Parking Ratio | 1.07/1,000 SF |
| Cross Streets | Tower St |
| Zoning | R-10 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0794.16-94-5719-000 | Improvements Assessment | $784,036 |
| Land Assessment | $600,000 | Total Assessment | $1,384,036 |
Property Taxes
Parcel Number
0794.16-94-5719-000
Land Assessment
$600,000
Improvements Assessment
$784,036
Total Assessment
$1,384,036
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2404-2410 1/2 Van Dyke Ave
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