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876 N Main St
Wake Forest, NC 27587
Glen Royal Mill Apartments · Multifamily Property For Sale · 56 Units
PROPERTY FACTS
| No. Units | 56 | Building Size | 71,946 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built/Renovated | 1918/1994 |
| Building Class | B | Parking Ratio | 1.56/1,000 SF |
| Lot Size | 16.50 AC | Cross Streets | Harris Rd |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 16.50 AC |
| Building Size | 71,946 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built/Renovated | 1918/1994 |
| Parking Ratio | 1.56/1,000 SF |
| Cross Streets | Harris Rd |
UNIT AMENITIES
- Dishwasher
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Oven
- Range
- Vinyl Flooring
ABOUT 876 N MAIN ST , WAKE FOREST, NC 27587
Affordable Housing | Section 42 LIHTC Current asking rents are well below max allowable rents with the ability to move rents immediately Property converts to market rate in 2025 Strong positive operational trend over the past three years, currently less than 3% economic loss Community amenities include a leasing office and elevator service Diverse mix of units with one-, two-, and three- bedroom floor plans featuring a balcony or patio, air conditioning, additional storage space, washer and dryer connections, hardwood floors, as well as kitchens equipped with dishwasher and garbage disposal Located 33 minutes northeast of Raleigh and 39 minutes west of Durham Research Triangle Park, a 7,000-acre development which encompasses the Raleigh Durham Chapel Hill combined statistical area, is the county' s economic driver Multiple shopping and recreation options are located in Wake Forest, less than three miles from Glen Royall Mill
PROPERTY TAXES
| Parcel Number | 1841.11-76-4130-000 | Improvements Assessment | $3,509,131 |
| Land Assessment | $2,520,000 | Total Assessment | $6,029,131 |
PROPERTY TAXES
ZONING
| Zoning Code | O-I (Office and institutional district) |
| O-I (Office and institutional district) |
