Colonial Arms Apartment Complex

Multi-Family for Sale
Catylist Listing ID: 30345261
Property Subtypes: Low-Rise/Garden
Number of Units: 46 Units
Building Size (RSF): 52,640 SF
Gross Land Area: 3.30 Acres
Sale Price: $3,600,000
Unit Price: $78,260.87 Per Unit
Property Use Type: Investment
Building Name: Colonial Arms Apartments
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/1/2018

Overview / Comments

46 units located off of Aventt Ferry Road Situated off of NCSU’s centennial campus. Perfect location for students. Apartments are part of the Wolfline NCSU’s bus stop route and are located to where students could walk to campus of they chose. Laundry mat on site. Each unit features two upstairs bedrooms, and 1.5 baths.

Additional Details

Nearest MSA: Raleigh
County: Wake
Taxing Authority: Wake County
Tax ID/APN: 550-00000-0026
Zoning: R-10
Percent Occupied: 78%
Property Located Between: Crest Rd & Aventt Ferry Rd
Airports: RDU
Site Description: Apartment Complex
Area Description: Aventt Ferry Rd. is in the heart of Raleigh being that it is located right off of the beautiful Raleigh Campus of NC State. The area houses many students and is close to many restaurants and facilities nearby.
Total Number of Buildings: 7
Property Condition: Good
Number of Stories: 2
Year Built: 1968
Roof Type: Gable
Parking Ratio: 1.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Parking lot located directly in front of the site.
Total Parking Spaces: 70
Laundry: Laundromat Nearby
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: R-10
Lot Frontage: 733
Lot Depth: 229
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 550-00000-0026

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,271 93,317 204,563
Median Age: 23.48 29.47 33.38
Households: 4,950 35,899 80,646
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