KNIGHTDALE MANOR
Knightdale, NC
Property Overview
Summary
- TYPE Garden Apartments
- PIN 1754311446
- YEAR BUILT 1968, 1976, 1987
- UNITS 32
- BUILDINGS 7
- TOTAL SF 28,800
- ACREAGE 2.80
- OCCUPANCY 93%
- PARKING 52 Surface Spaces
- TAXES $39,398.54
- TAX VALUE $4,064,871
- EXTERIOR Brick and Vinyl
- FOUNDATION Slab and Crawl
- ROOF Shingles
- APPLIANCES Range, Refrigerator, Washer/Dryer Connection
- FLOORS Tile, LVT, Vinyl, Carpet
- HVAC Central AC and Heat Pump
- UTILITIES Owner pays dumpster for all units and pays water for 12 units
Deaton GREA is pleased to present, as the exclusive listing broker for the seller, the Knightdale Manor Apartments. Located ten miles east of Downtown Raleigh, the town of Knightdale is a rapidly growing suburb of the Raleigh-Durham MSA. Knightdale’s economic growth is closely tied to the overall prosperity of the Research Triangle area. With continued population growth, increasing development, and a growing retail and small business sector, Knightdale is evolving into an economically vibrant destination. The strategic location, attractive housing options, and growing infrastructure position the area for increasing growth in the coming years.
Knightdale Manor has a total of 32 units spread across two, brick duplexes built in 1968 and another 28, garden-style apartments built in 1976 and 1987. In the last three years current ownership has invested more than $500,000 in capital improvements including new windows, new sliding rear doors, and the replacement of nearly ninety-percent of the HVAC units and water heaters. The property has been operated efficiently, but there exists an opportunity to improve income and add value with strategic improvements.
Our Team
Our goal is always the same: earn, keep and respect the customer’s business.
Located in the Triangle region of North Carolina, encompassing Raleigh, Durham, and Chapel Hill, Deaton Investment Real Estate, Inc. specializes in brokering income-producing multi-family investment properties. Throughout all of North Carolina and South Carolina, we maximize opportunities for buyers and sellers of apartments. The company was founded in 1981 by Steve Deaton, who still operates it today. We work with individual investors to private capital, family offices and institutional firms.
In December of 2023, Deaton joined Global Real Estate Advisors (GREA), a leading player in the multifamily brokerage, lending, and investment advisory sector. This strategic partnership allows Deaton to maintain it’s presence as an independently owned and operated, boutique brokerage firm, with access to a national platform of advisory resources, tools, and clients.
