About The Grove Raleigh
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 178-unit The Grove apartment community located in Raleigh, NC. Built in 1972, this asset sits in the desirable Central Raleigh submarket, which is highlighted by a population that is 72% white collar and 56% college educated, high demand and rising rents. The Grove is in an a very desirable location, positioned between downtown Raleigh, NC State, and the world-renowned Research Triangle Park - giving residents unmatched connectivity to high-caliber employment and hubs of popular dining, shopping, and entertainment. The in-place renovation program at The Grove is yielding $107+ premiums over classic units. By renovating remaining units and optimizing rents and operations in line with nearby comparables, incoming investors can increase annual revenue by 16%+.
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