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2821 Club Plaza Rd 7 Unit Apartment Building $1,200,000 ($171,429/Unit) Raleigh, NC 27603
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.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,200,000 | Building Class | C |
| Price Per Unit | $171,429 | Lot Size | 0.70 AC |
| Sale Type | Investment | Building Size | 5,217 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 2.44/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-10 | ||
| Price | $1,200,000 |
| 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 | 5,217 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1984 |
| Parking Ratio | 2.44/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-10 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Tub/Shower
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
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 | Total Assessment | $1,177,418 |
| Land Assessment | $306,250 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $871,168 | Tax Year | 2025 |
Property Taxes
Parcel Number
1702.09-17-3010-000
Land Assessment
$306,250
Improvements Assessment
$871,168
Total Assessment
$1,177,418
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Everest Commercial Group
2821 Club Plaza Rd
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