- TYPE OF ASSET: Multifamily
- ADDRESS: 6350 Terra Verde Dr, Raleigh, NC 27609
- YEAR BUILT: 2008
- TOTAL UNITS: 291
Northcity 6 is a 291-unit multifamily property located in Raleigh, just five minutes from the North Hills District and less than fifteen minutes from downtown Raleigh. The property has considerable upside in terms of rental income and space for a light value- add plan in an emerging market with significant potential.
Raleigh is the capital city of North Carolina and it’s one of the fastest-growing cities in the United States. It is known for its universities. The number of technological and scholarly institutions around Raleigh, Chapel Hill and Durham make the area known as the Research Triangle. Raleigh is well-connected by major highways, including I-40, I- 440, and U.S. routes such as U.S. Route 1 and U.S. Route 64.