Contacts
T Furlow
Michael Deaton
Property Details
- Property Type Other
- Property Size 53,994 SF
- Units 24
- Additional Rent Contact for pricing
- Date Updated Sep 14, 2024
- Website ncstatestudenthousingportfolio.sharplaunch.com
Deaton GREA is pleased to present, as the exclusive listing broker for the seller, a luxury, student-housing portfolio in the heart of Raleigh at NC State University. The 24-unit, 101-bedroom portfolio is comprised of ten, single-family homes and 14, townhomes located less than one mile from campus. The 11 parcels are contiguous, and represent a rare opportunity to acquire a boutique, student asset built with luxury finishes, at a power-five university. The property is 100% leased for the 2024-25 school year. The leases are by-the-unit, with an average, in-place rent equal to $993 per bed.
The ten, single families homes were built between 2018 and 2022 and feature a 50/50 mix of 4- and 5-bedroom floor plans. The 14 townhomes are located directly behind the single-family houses. The townhomes all feature 4-bed and 4-bath, three-story floor plans and were completed in 2023. Current ownership developed and built these properties with meticulous care and attention to detail. All of the units feature high-level finishes including hardwood floors, LVP flooring, tile bathroom floors and showers, granite counters, stainless steel appliances, ceiling fans in all rooms, recessed lighting, tankless water heaters, energy efficient windows, and more. Every property has a minimum of one parking spot for every bedroom.
Located west of downtown Raleigh, NC State University is a power-five university with more than 38,000 students and 10,000 employees. Today, 137 years after its founding, NC State is North Carolina’s largest university and continues to grow. Fueled by its status as a prestigious Research 1 institution, NC State is recognized nationwide for groundbreaking discoveries, an outstanding academic reputation, and elite athletic programs.
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Highlights
- 0.3 MILES FROM NC STATE CAMPUS
- 100% LEASED
Attachments
Getting around
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34/100
Walk Score ®
-
42/100
Transit Score ®
-
48/100
Bike Score ®
Location
- City Raleigh, NC
- Neighborhood College View
- Zip Code 27606
- Market Raleigh Durham
Points of Interest
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Zone 1: Prearranged Services
8.78 miles
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Zone 4: Limos
8.78 miles
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Exxon
0.49 miles
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Shell
0.55 miles
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Exxon
0.64 miles
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Resco
0.73 miles
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Circle K
0.85 miles
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BP
1.08 miles
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Exxon
1.12 miles
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BP
1.44 miles
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Pullen Mart
1.45 miles
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Exxon
1.59 miles
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Venture Parking
0.66 miles
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West Lot Parking Deck
0.67 miles
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Keystone Deck
0.68 miles
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Toxicology Deck
0.70 miles
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Center for Technology and Innovation Parking Deck
0.71 miles
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Monteith Deck
0.82 miles
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Alliance Deck
0.83 miles
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Oval West Parking Deck
0.84 miles
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Partners Way Parking Deck
0.86 miles
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Poulton Deck
0.89 miles
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The StateView Hotel, Autograph Collection
1.13 miles
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Aloft Raleigh
1.55 miles
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TownePlace Suites Raleigh Southwest
1.64 miles
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DoubleTree by Hilton Hotel Raleigh - Brownstone - University
1.68 miles
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Holiday Inn Express & Suites Raleigh SW NC State
1.72 miles
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Ramada by Wyndham Raleigh
1.88 miles
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Hotel 83 Raleigh
2.30 miles
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AC Hotel by Marriott Raleigh Downtown
2.32 miles
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Four Points by Sheraton Raleigh Arena
2.44 miles
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Hampton Inn & Suites Raleigh Downtown
2.46 miles
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Big Lots
0.61 miles
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Food Lion
0.63 miles
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Food Lion
0.93 miles
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The Royal
1.11 miles
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Target
1.34 miles
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Whole Foods Market
1.71 miles
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Harris Teeter
1.79 miles
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Harris Teeter
1.82 miles
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The Fresh Market
1.89 miles
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Food Lion
2.38 miles
In-Depth Research Available for this Property
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