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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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4028 Mitchell Mill Rd , Raleigh, NC 27616
$4,200,000
Est. Payment: $23,604.14/mo
3 Bed
3 Bath
20096 Sqft
2.06 Acres
Status: active | Days on site: 6
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3167 - R10974
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Terri Bias, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Terri Bias
Operator/Brokerage Owner
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House Description

20 unit apartment complex in an excellent North Raleigh location. Close proximity to shopping, restaurants and major highways. Two separate buildings with 10 units each. Each building has Six 2 bedroom/2 bathroom units and four 3 bedroom/2 Bathroom units. Units feature stainless steel appliances. Kitchens have granite countertops and island. Units have ceiling fans, walk in closets covered porches/balconies. Washer and dryer connections. 9 foot ceilings, lots of windows and LVP flooring. Financials provided upon request. Property sits on 2.06 acres.
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Highlights

Listed by Michelle Keaton-Barrow , Keaton Barrow Realty , Triangle MLS, Inc. of North Carolina mls logo

Property Type

Multi-Family
Lot/Acreage
2.06

Year Built

2015

County

Wake

 Neighborhood

Not in a Subdivision

Listing ID

10197409

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:2
  • ▪ 1/2 Bathrooms:1
Appliances:Built-In Electric Range, Disposal, Electric Oven, Microwave, Water Heater
Air Cond:Ceiling Fan(s),Central Air
Fireplaces:
Floor:Vinyl
Above Ground Sq Ft:20096
Water:Public

Exterior Features

Zoning:NX-3
Roof:Shingle
Sewer:Public Sewer
Parking Features:Lighted,Outside,Paved
Principal Interest
$23,604
Taxes
$2,678

Home Price

$4,200,000

Loan Details

30 yrs
7.548%

Down Payment

20%
$840,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$23,604.14

Principal

Taxes

Principal Taxes HOA Total
Monthly $23,604.14 $2,677.50 $0.00 $26,281.64
Yearly $283,249.71 $32,130.00 $0.00 $315,379.71
Total $8,497,491.45 $963,900.00 $0.00 $9,461,391.45

Today's Rates

30 Year

7.55%

20 Year

7.5%

15 Year

6.75%

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Market insight data is pulled from the same city as the listing being viewed (Raleigh, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2026-10-14T09:59:11.000Z

© 2026 Triangle MLS, Inc. of North Carolina

MLS Logo - Triangle MLS, Inc. of North Carolina