Buy a Multi-Family Property

Cameron Park Apartment Building

Print this Property

Address

122 Hillcrest Road
Raleigh, NC 27605

Overview

This beautiful 8-unit apartment building is located one block off Hillsborough Street on Hillcrest Road. Known as Cameron Park, this neighborhood is recognized as one of the premier locations Inside Raleigh's Beltline. These rental units are highly demanded by students and young professionals. The property could also present an opportunity for a condo conversion.

  • Most units have hardwood floors
  • Great condition inside and out
  • Excellent location
  • Great long-term hold or conversion opportunity

Link to Tax Records


Unit Information

UnitSizeTypeLeaseRent
1A 625 SF (APRX) 1 BD/1 BA 7/31/09 $675
1B 325 SF (APRX) 1 BD/1 BA M/M $595
1C 790 SF (APRX) 1 BD/1 BA M/M (10+ YEARS) $595
3 975 SF (APRX) 2 BD/1 BA 7/31/09 $990
4 975 SF (APRX) 2 BD/1 BA 8/14/09 $845
5 975 SF (APRX) 2 BD/1 BA 7/31/09 $950
6 1,330 SF (APRX) 4 BD/2 BA 3/31/09 $1,250
7 975 SF (APRX) 2 BD/1 BA 4/30/09 $950
TOTAL 6,965 SF $6,850

Property Information

PIN
1704108768
Tax Value
$655,103
Taxes
$6,025.06
Lot Size
.21 ACRES
Year Built
1925
Exterior
VINYL, WOOD
Floors
HARDWOOD, TILE, VINYL (VARIES BY UNIT)
Foundation
SLAB
HVAC
WINDOW A/C, BOILER (STEAM) HEAT, HEAT PUMP IN UNIT 6 ONLY
Owner Financing
NONE
Utilities
OWNER PAYS APRX: $190/MO-WATER, $80/MO-ELECTRIC, $435/MO-GAS
Appliances
RANGE, REFRIGERATOR, WASHER/DRYER (VARIES BY UNIT)
Legal Description
LO11 CAMERON PARK BL13
Zoning
R-10