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$2,250,000

Beds
32
Baths
16.0
sq ft
12,064

564 Dacian Road, Raleigh, NC 27610

564 Dacian Road

Raleigh, NC 27610

  • 24 days on market
564 and 567 Dacian feature 16, identical, two-bedroom units and have benefited from more than $350,000 in capital improvements over the last five years including: new roofs, new windows, new exterior staircases and landings, and interior updates to every unit. New leases are being signed at $1,325. Located inside Raleigh's I-440 Beltline, the property is nestled in a quiet residential neighborhood along Raleigh's Greenway and adjacent to Dacian Road Park. Residents are only minutes from Downtown Raleigh, Wake Med Raleigh, and multiple retail centers. Each building is located in a flood zone and the current owner does maintain a flood insurance policy. During current ownership, the 564 Dacian building has seen water reach the parking lot and crawl space, but has never reached the floor level of the units.

Details

Property type

Apartment

Lot size

0.85 acres

Price per sq ft

$187

Year built

1973

Annual property taxes

$8,796.36

Price History

10/29/2024
TriangleMLS

TriangleMLS #10060687

Listed
$2,250,000
+246.15%
04/12/2019
TriangleMLS

TriangleMLS #2228438

Sold
$650,000

Schools & Community

Neighborhood: 

Southeast Raleigh

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Paragon Commercial Bank

Loan start date

August 2012

Original loan amount

$1,150,000

Est. remaining balance

Not provided

Interest rate

3.66%

Loan type

Commercial, 5 year

Seller

Intellectual Properties I Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/22/2024 at 9:45 PM

Listing updated: 10/30/2024 at 12:00 PM

Listed by: Thomas Furlow, Deaton Investment Real Estate Phone #: (919) 847-1117

MLS: TriangleMLS #10060687

TriangleMLS logo

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