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Auralia Residential proudly helps buyers and renters throughout Raleigh, Durham, Cary, Apex, Garner, Wake Forest, Fuquay-Varina, Clayton, and communities across the Greater Triangle.

2821 Club Plaza RD, Raleigh, NC 27603
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2821 Club Plaza RD, Raleigh, NC 27603
2821 Club Plaza RD, Raleigh, NC 27603
2821 Club Plaza RD, Raleigh, NC 27603
2821 Club Plaza RD, Raleigh, NC 27603
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Listed by EVEREST VENTURES LLC
$ 1,200,000
Est. payment /mo
Save
Pending

2821 Club Plaza RD Raleigh, NC 27603

5,742 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 5,742 sqft

Price per Sqft $208

MLS Listing ID 10142918

HOA Y/N No

Year Built 1984

Annual Tax Amount $10,408

Lot Size 5,742 Sqft

Acres 0.7

Lot Dimensions 185x165

Property Sub-Type Multi Family

Source Doorify MLS

Land Area 5742

Property Description

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 active and 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. Costar estimated average market rents for 2 beds in South Raleigh at $1500. The asset offers a simple operational profile and benefits from steady tenant demand in the surrounding area.

This asset has been well cared for by ownership, including extensive capex work done to the property. Vinyl windows, doors, asphalt seal coat, cabinet and countertop refinishing, appliances, water heaters and more have been done under their ownership.

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.

Location

State NC

County Wake

Area 0.7

Zoning R-10

Interior

Interior Features Bathtub/Shower Combination, Living/Dining Room Combination

Cooling Central Air

Flooring Tile, Vinyl

Fireplace No

Appliance Microwave

Laundry In Unit

Exterior

Utilities Available Cable Available, Electricity Connected, Water Connected

Roof Type Architectural Shingle

Garage No

Building

Water Public

New Construction No

Others

Tax ID 170209173010000 0041176

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange


Doorify MLS
Tamisha Lane
Tamisha Lane

Principal Broker | Broker-in-Charge | Owner | License ID: 327561

+1(919) 866-9302 | tamishalane@auraliaresidential.com

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2821 Club Plaza RD