 |
| Sarah Godwin |
CHARLOTTE, NC – JLL
Capital Markets announced it closed a $6.2 million sale of 51 existing
multi-housing units in the Richmond Hills multi-housing community located at
2251 Charles Dr. in Raleigh, North Carolina.
JLL represented the seller, EYC Companies,
LLC, to complete the sale to the buyer, Magma Equities.
The community will undergo a renovation
with updated countertops and kitchen cabinets, pool revitalization, and
exterior renovations in the next year.
Sitting
on 5.19 acres, the existing 51-unit apartment property is also entitled for up
to 330 units of multi-housing for a potential future redevelopment.
The infill property is also just a half a
mile from I-440/Raleigh Beltline and 3.5 miles from I-40, allowing direct
access to key employment and entertainment hubs like North Hills and Downtown
Raleigh.
Additionally, the property is located across
the street from Crabtree Valley Mall, which offers over 150 national retail
options.
The JLL Capital Markets team representing
the seller was led by Director Sarah Godwin.
For more news, videos and research resources on
JLL, please visit our newsroom.
CONTACT:
Natalie
Passarelli
JLL
Senior Associate
Public Relations
Phone: +1 224 477 7307
Email: Natalie.Passarelli@am.jll.com
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