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Westgrove Tower 4700 Westgrove St 240 Unit Apartment Building For Sale Raleigh, NC 27606
Investment Highlights
- 2nd fastest growing MSA in the US!
- Proximity to NC State main campus and west campus
- Opportunity to develop vertically
Executive Summary
2nd Fastest Growing MSA in the US!
¼ Mile off of I-440
Opportunity to Develop Vertically
Distance to NC State – Central Campus ¼ Mile
Distance to NC State – West Campus – Adjacent to ¼ Mile
Distance to Research Triangle 8 Miles
¼ Mile off of I-440
Opportunity to Develop Vertically
Distance to NC State – Central Campus ¼ Mile
Distance to NC State – West Campus – Adjacent to ¼ Mile
Distance to Research Triangle 8 Miles
Property Facts
| Sale Type | Investment | Building Size | 138,985 SF |
| No. Units | 240 | Average Occupancy | 99% |
| Property Type | Multifamily | No. Stories | 11 |
| Property Subtype | Apartment | Year Built | 1986 |
| Apartment Style | Mid-Rise | Parking Ratio | 3.35/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 8.37 AC | ||
| Zoning | CX-12 | ||
| Sale Type | Investment |
| No. Units | 240 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 8.37 AC |
| Building Size | 138,985 SF |
| Average Occupancy | 99% |
| No. Stories | 11 |
| Year Built | 1986 |
| Parking Ratio | 3.35/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | CX-12 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
Site Amenities
- Fitness Center
- Property Manager on Site
- Furnished Units Available
- Package Service
- Elevator
- Lounge
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 139 | - | 350 |
| 1+1 | 61 | - | 535 - 580 |
| 2+1 | 40 | - | 715 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $247,688 | |
| Land Assessment | $0 | Total Assessment | $247,688 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$247,688
Total Assessment
$247,688
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Westgrove Tower | 4700 Westgrove St
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