304-308 Buck Jones Rd - Apartments FOR SALE


Raleigh, NC 27606- Southwest Raleigh
$2,500,000 USD
919-847-1117
304-308 Buck Jones Rd, Raleigh, NC for Sale
$2,500,000 USD
Apartments - FOR SALE
1/12
null | 6.6% Cap Rate

304-308 Buck Jones Rd
Raleigh, NC 27606
Southwest Raleigh


OVERVIEW

Westridge Woods offers a prime location near Downtown Raleigh, NC State University, Cary, the Research Triangle Park. The property sits directly on the bus route, within walking distance to Harris Teeter grocery-anchored shopping center, and offers easy access to surrounding attractions such as the Lenovo Center. The property features a mix of fourteen, two-bedroom units and two, three-bedroom units. The rear building is three stories and was built in 1997. It features, twelve, identical, two-bedroom and one-bathroom floor plans. The front building is brick, one-story duplex, built in 1959 with an addition on the side built in 1997 that is two-stories. The original, brick duplex features two, identical two-bed and one-bathroom floor plans. The 1997 addition features two, identical, three-bedroom and two-bathroom units. The roofs were replaced in 2020. There is some polybutelene plumbing in the 1997 buildings.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

16

PRICE/UNIT

$156,250

CAP RATE

6.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westridge Woods Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

R-10

APN/PARCEL ID

0783.05-09-1366-000

ASK ABOUT THIS PROPERTY

Thomas FurlowDeaton GREAMore Info
919-847-1117

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Thomas FurlowDeaton GREAMore Info
919-847-1117

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