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

Located at 6115 Holly Springs Road in Southwest Raleigh, this property is situated in a transitional suburban corridor characterized by a mix of residential neighborhoods and retail centers. The site offers proximity to well-established shopping destinations like Tryon Village and Swift Creek Shopping Center. Access to the broader Research Triangle region is facilitated by the nearby Interstate 440 and U.S. Route 1 interchange, providing direct routes to downtown Raleigh, Cary, and major employment hubs. The surrounding area features several public parks and local schools, contributing to a stable residential environment. The property is suited for multifamily development or continuous residential operations catering to a diverse tenant base. Given the location’s accessibility to major highways, it is well-positioned for commuters working in the tech, healthcare, or education sectors. The profile for this asset typically includes professionals seeking proximity to suburban amenities and young families looking for residential stability outside the urban core. The site supports high-density housing configurations designed to meet the consistent regional demand for rental units within the Raleigh metropolitan area.

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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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