4810 Bluestone Dr Raleigh, NC 27612

Property Details for 4810 Bluestone Dr

Year built

1997

Lot size

4.90 lot acres

Property size

39,960 SF

Property type

Apartment buildings

Description

This exceptional multifamily investment opportunity presents a 139-unit apartment building situated on a 4.9-acre lot in Raleigh, North Carolina's desirable Crabtree Valley area. Built in 1997, the property boasts a total of 39,960 square feet and offers four distinct unit types ranging from 260 to 600 square feet. The projected average rent is $947 per unit, reflecting the strong demand for housing in this thriving market. The property's location directly off Glenwood Avenue, a major thoroughfare in the Raleigh Triangle area, ensures high visibility and convenient access. Raleigh's robust economy, fueled by the Research Triangle Park, consistently attracts new residents, creating a stable and growing demand for rental properties. This translates to consistent occupancy rates and predictable rental income, making this a compelling investment opportunity for those seeking a stable, high-performing asset in a dynamic market. The city's high population growth rate, coupled with a diverse and expanding job market in technology, healthcare, education, and finance, further solidifies the long-term potential of this property. The strong market dynamics and prime location within Crabtree Valley combine to create a highly desirable investment opportunity with significant upside potential. This property offers a unique blend of established income generation and future growth prospects in one of the Southeast's most dynamic markets. The property's size and unit diversity cater to a wide range of renters, ensuring consistent occupancy and maximizing rental income.

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Longitude

-78.6939

Latitude

35.8489