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2404-2410 1/2 Van Dyke Ave
Raleigh, NC 27607 University

$1,675,000 USD

Apartments For Sale  •  10,377 SF

Property Details

  • Property Type Apartments
  • Total Building Size 10,377 SF
  • Lot Size 0.62 AC
  • Building Class C
  • Year Built 1950
  • Zoning R-10
40 Transit Score
60 Walk Score

Highlights

Located close to Oberlin Village in desirable ITB neighborhood.
Large shared indoor common areas.
Brick exterior and private entrances for all units.
Fully leased for 3 years. Single tenant occupying all units.
Existing master lease in place through April 2028 with two additional extensions through April 2034.
Currently producing an annual revenue of $210,000. Rent roll available upon request.

Property Flyers

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Walking/Biking Trails
  • Kitchen
  • Oven
  • Range
  • Tub/Shower
  • Storage Space
  • Public Transportation
  • Walk-Up

Public Transportation

Commuter RailDriveWalkDistance
Raleigh Union Station (Carolinian - Amtrak, Floridian - Amtrak, Piedmont - Amtrak) 6 min - 2.2 mi
Cary (Carolinian - Amtrak, Floridian - Amtrak, Piedmont - Amtrak) 15 min - 7.4 mi
AirportDriveWalkDistance
Raleigh-Durham International 19 min - 11.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Blaine Smith 919-971-4777 ELM Partners
Blaine Smith 919-971-4777 ELM Partners