4700 Westgrove St

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4700 Westgrove St

Raleigh, NC 27606
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B

What's Special

4700 Westgrove Street is located in West Raleigh, situated between the NC State University Centennial Campus and the Cary town line. The neighborhood is characterized by a mix of residential communities and corporate business parks, offering a suburban feel with urban convenience. The property provides immediate access to major regional thoroughfares, including Western Boulevard and the Interstate 440 terminal. Nearby amenities include the North Carolina Museum of Art and various retail centers along Edwards Mill Road. Public transit via the GoRaleigh bus system serves the immediate area, connecting the site to the broader Research Triangle region. The location is well-suited for multifamily development or value-add investment catering to a diverse workforce and student population. Given the proximity to several major higher education institutions and healthcare facilities, typical tenants include university staff, graduate students, and medical professionals. The site's positioning also appeals to commuters working in downtown Raleigh or the nearby Research Triangle Park who prioritize accessibility to regional employment hubs. The surrounding demographic profile reflects a demand for mid-range housing options that balance proximity to suburban amenities with direct transit links to the city's primary economic and academic cores.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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