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2821 Club Plaza Rd Raleigh, NC 27603

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7-unit multifamily property in South Raleigh, 100% occupied.

Property size:
5,742 SF
Lot size:
0.70 Acres

Property Features for 2821 Club Plaza Rd

General Information

Standard status
Active
Size
5,742 SF
Lot size
0.70 Acres

Building Details

Year built
1984

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Listing Contact
Owen Drugan
Owen Drugan
Source: Corcoran

Listing Agency: EVEREST VENTURES LLC Listing Agent: Owen Drugan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Stabilized Multifamily Community in Raleigh

Located in South Raleigh, this 7-unit multifamily community at 2821 Club Plaza Road is fully stabilized with 100% occupancy. Situated within an Opportunity Zone, the property features a consistent unit mix of two-bedroom, one-bath residences, each averaging approximately 820 square feet and equipped with washer and dryer hookups. Current in-place rents average approximately $1,317 per unit. The property sits on approximately 0.7 acres with ample parking. The asset has been well cared for by ownership, including extensive capex work. Vinyl windows, doors, asphalt seal coat, cabinet and countertop refinishing, appliances, and water heaters have been updated under current ownership. 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. The property provides convenient access to major employment centers and transportation corridors.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Raleigh
County
Wake
State
North Carolina
Longitude
-78.6585352
Latitude
35.7470743

FAQs

What type of property is this?
Apartment building - 7-unit multifamily property in South Raleigh, 100% occupied.
Where is this apartment building located?
The property is located at 2821 Club Plaza Rd Raleigh, NC.
What are key features of this property?
This property features: - Fully stabilized 7-unit multifamily community with 100% occupancy, providing immediate income.; - Located in a rapidly evolving South Raleigh submarket with strong tenant demand.; - Opportunity Zone location, potentially offering tax benefits.
More about this property
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