JLL Capital Markets closed the 51-unit multi-housing sale on behalf of Magma Equities

May 14, 2021

Click here to read more: https://www.us.jll.com/en/newsroom/magma-equities-purchases-richmond-hills

“JLL Capital Markets announced today it closed a $6.2 million sale of 51 existing multi-housing units in the Richmond Hills multi-housing community located at 2251 Charles Dr. in Raleigh, North Carolina.”

“The community will undergo a renovation with updated countertops and kitchen cabinets, pool revitalization, and exterior renovations in the next year. Sitting on 5.19 acres, the existing 51-unit apartment property is also entitled for up to 330 units of multi-housing for a potential future redevelopment.”