White Oak Apartments
Multifamily | 8 Units | $143,750/unit
Marketing description
APG Advisors is pleased to present for sale White Oak Apartments located in Raleigh, NC that places residents within minutes of the city’s major employment centers, healthcare facilities, universities, and entertainment districts. Situated less than one mile from Downtown Raleigh, the property provides convenient access to a wide array of restaurants, retail, and cultural attractions.
Investment highlights
White Oak Apartments presents a compelling value-add multifamily investment opportunity in one of the Southeast’s fastest-growing rental markets. Located less than one mile from Downtown Raleigh, the property offers investors stable in-place income with significant upside through rent growth.
The property consists of eight well-designed 2-bedroom, 1-bath units averaging approximately ±720 square feet, each featuring open floor plans and washer/dryer hookups. The community is currently 100% occupied, demonstrating strong tenant demand in this highly desirable urban location.
Over the past five years, ownership has completed several key capital improvements including a new roof, replacement of six HVAC systems, and interior upgrades in five units with new LVP flooring, granite counter tops, and new bathrooms, reducing near-term capital requirements for a new owner.
With an average in-place rent of approximately $1,021, well below Raleigh’s two-bedroom fair market rent of $1,646, the property offers a clear path for revenue growth through continued unit upgrades and market rent alignment.
White Oak Apartments represents an opportunity to acquire a well-located, stabilized multifamily asset with strong occupancy, proven demand, and meaningful value-add potential in a high-growth urban submarket.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
