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2821 Club Plaza Rd
Raleigh, NC 27603
Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- Located within an Opportunity Zone
- Washer/Dryer hookups throughout
- 100% Leased
- Water and electricity separately metered
EXECUTIVE SUMMARY
Everest Commercial Group is pleased to present 2821 Club Plaza Road, a 7-unit multifamily community located in South Raleigh, one of Raleigh’s most rapidly evolving submarkets. The property is situated within an Opportunity Zone and is fully stabilized at 100% occupancy. The community features a consistent unit mix of two-bedroom / one-bath residences averaging approximately 820 square feet, each equipped with washer and dryer hookups.
Current in-place rents average approximately $1,317 per unit, providing immediate income with the opportunity for continued rental growth. The asset offers a simple operational profile and benefits from steady tenant demand in the surrounding area.
The property sits on approximately 0.7 acres with ample parking, and provides convenient access to major employment centers and transportation corridors. A GoRaleigh public transit stop is located roughly 0.2 miles away, while Downtown Raleigh is approximately four miles, Dix Park 2.4 miles, Downtown Garner five miles, and Interstate 40 just over one mile from the site.'
Contact Everest Commercial Group for more details.
Current in-place rents average approximately $1,317 per unit, providing immediate income with the opportunity for continued rental growth. The asset offers a simple operational profile and benefits from steady tenant demand in the surrounding area.
The property sits on approximately 0.7 acres with ample parking, and provides convenient access to major employment centers and transportation corridors. A GoRaleigh public transit stop is located roughly 0.2 miles away, while Downtown Raleigh is approximately four miles, Dix Park 2.4 miles, Downtown Garner five miles, and Interstate 40 just over one mile from the site.'
Contact Everest Commercial Group for more details.
PROPERTY FACTS
| Price Per Unit | $171,429 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.70 AC |
| Sale Condition | 1031 Exchange | Building Size | 5,742 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1984 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-10 | ||
| Price Per Unit | $171,429 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 5,742 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1984 |
| Opportunity Zone |
Yes |
| Zoning | R-10 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Tub/Shower
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 7 | $1,317 | 820 |
PROPERTY TAXES
| Parcel Number | 1702.09-17-3010-000 | Improvements Assessment | $871,168 |
| Land Assessment | $306,250 | Total Assessment | $1,177,418 |
PROPERTY TAXES
Parcel Number
1702.09-17-3010-000
Land Assessment
$306,250
Improvements Assessment
$871,168
Total Assessment
$1,177,418
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