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8809-8813 Litchford Rd 16 Unit Apartment Building $2,592,701 CAD ($162,044 CAD/Unit) 7.40% Cap Rate Raleigh, NC 27615
Investment Highlights
- Newly constructed co-living community completed in 2023.
- Stabilized multifamily investment.
- Positioned in one of the Triangle's strongest rental markets.
- Innovative co-living concept.
- Low-maintenance multifamily investment.
- Capitalizes on the growing demand for flexible housing.
Executive Summary
Presenting a unique multifamily investment opportunity at 8809 and 8813 Litchford Road, a newly constructed co-living community completed in 2023. The property consists of 2 duplexes, each containing 2 residential rental units with 4 bedrooms each for a total of 16 individually leased bedroom suites, each featuring a private full bathroom, secure keyed entry, and single-occupancy design. This purpose-built asset is positioned to capitalize on the growing demand for flexible, affordable housing while providing investors with a modern, income-producing multifamily property.
Property Facts
| Price | $2,592,701 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $162,044 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.74 AC |
| Cap Rate | 7.40% | Building Size | 7,202 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | ||
| Zoning | R-4 | ||
| Price | $2,592,701 CAD |
| Price Per Unit | $162,044 CAD |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.74 AC |
| Building Size | 7,202 SF |
| No. Stories | 2 |
| Year Built | 2023 |
| Zoning | R-4 |
Amenities
Site Amenities
- Furnished Units Available
- Individual Locking Bedrooms
- Private Bathroom
- Individual Leases Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 160 - 240 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1718.20-82-4125-000 | Improvements Assessment | $827,195 CAD |
| Land Assessment | $176,584 CAD | Total Assessment | $1,003,779 CAD |
Property Taxes
Parcel Number
1718.20-82-4125-000
Land Assessment
$176,584 CAD
Improvements Assessment
$827,195 CAD
Total Assessment
$1,003,779 CAD
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8809-8813 Litchford Rd
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