6115 Holly Springs Rd

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6115 Holly Springs Rd

Raleigh, NC 27606
Asking Price
$9.50M
Asset Type
Multifamily
Class
Class B

What's Special

6115 Holly Springs Road is situated in Southwest Raleigh, a region characterized by a blend of established residential neighborhoods and expanding commercial corridors. The property offers convenient access to major transportation arteries, including North Carolina Highway 540 and US-1, facilitating commutes to downtown Raleigh and the Research Triangle Park. Local amenities include proximity to the Swift Creek Shopping Center and several municipal parks, providing essential retail services and recreational space within a short driving distance. This location is suitable for multifamily development or redevelopment aimed at a diverse workforce and student population. Given its accessibility to regional employment hubs and higher education institutions, the site aligns with the needs of young professionals, small families, and commuters seeking suburban housing with city proximity. The surrounding demographics support long-term residential demand driven by steady regional population growth and the ongoing expansion of the local infrastructure.

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NOI
$80,000
Cap Rate
0.84%
DSCR
0.14
Underwater
Cash-on-Cash
-16.98%
Monthly Payment
$47,000.817
Annual Cash Flow
$-484,009.799

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