2208 Garden Pl - Apartments FOR SALE


Raleigh, NC 27607
$2,600,000 USD
919-795-8776
2208 Garden Pl, Raleigh, NC for Sale
$2,600,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

2208 Garden Pl
Raleigh, NC 27607


HIGHLIGHTS

  • Walkability Score is a 98
  • Fantastic Location Close to NCSU and The Village
  • Major Capital Improvements Completed 8/2024

OVERVIEW

Cokesbury Holdings presents an exciting student housing investment opportunity located at 2208 Garden Place, in Raleigh, North Carolina. This 7,894 square foot multi-family property, located on a 0.23 acre site, is within short walking distance to NC State, and numerous bars and restaurants along Hillsborough Street, and The Village District. The Property is currently available for purchase as four, four-bedroom unoccupied apartments, with the opportunity to add an additional ground level studio apartment. Built in 1961 with significant renovation completed in August 2024, the Property has seven on-site parking spaces with city-issued permitted parking in the neighborhood. - New kitchens and bathrooms with granite countertops and all new fixtures and appliances - New vinyl plank flooring, interior paint, and window treatments - Brand new HVAC in 2 units, with other units inspected, serviced and in good working order - New fire extinguishers installed - New exterior paint and landscaping

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$329 USD /SF

# OF UNITS

5

PRICE/UNIT

$520,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Student Housing by NC State

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

RX-3

APN/PARCEL ID

0794.20-92-4214-000

ASK ABOUT THIS PROPERTY

Jamie DawsonCokesbury HoldingsMore Info
919-795-8776

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Jamie DawsonCokesbury HoldingsMore Info
919-795-8776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.