100-600 Quail Hill Street
Fuquay-Varina, NC 27526
92
Units
1996 & 1998
Built
Executive Summary
MQH offers investors the opportunity to acquire a low-density asset in a growing suburban Raleigh submarket. Direct-entry units and first-floor living, create a neighborhood-style product that stands apart from traditional Class B communities and appeals to renters seeking convenience, accessibility, and suburban affordability.
MQH has an average occupancy of 98% over the last 12 months with organic rent growth – average lease trade – are $78 per unit higher (6.2%). This leasing momentum supports approximately $87,000 in additional annualized rental upside across the remaining rent roll. Above-average resident retention has also helped keep operating expenses below market norms.
Positioned in one of Wake County’s most attractive suburban growth corridors, MQH is well situated to benefit from Fuquay-Varina’s continued population growth, expanding amenities, and convenient access to the greater Raleigh-Durham employment base.
Property Summary
DETAILED UNIT MIX
TYPE
# UNITS
SIZE (SF)
% OF MIX
2 Bed / 1 Bath - QH
6
850
7%
2 Bed / 1 Bath – MAN (Screen Porch)
2
950
2%
2 Bed / 2 Bath - QH
62
980
67%
2 Bed / 2 Bath – MAN (Screen Porch)
22
1,200
24%
TOTAL/AVG.
92
1,023
100%
UTILITIES
Service/Utility
Source/Company
Paid By
Electric (Individual)
Duke Energy
Resident
Water/Sewer (Individual)
Town of Fuquay
Resident
Trash Removal
Forever Clean
Property
MECHANICAL SYSTEMS
HVAC
Duke Energy
Hot Water
Town of Fuquay
Heat
Forever Clean
FEES
Pet Fee
$500 deposit; $30/mo.
Pest Fee
$5/mo.
Trash Fee
$15/mo.
Administrative Fee
$100
Application Fee
$50
Property Description
- Property Address
- County
- Units
- Year Built
- Parcel Number
- Stories
- Buildings
- Acreage
- Units per Acre
- Roof
- Construction
- Windows
- Ceiling Height
- Parking
- Parking Ratio
- Washer/ Dryer Connections
- Property Management
Amenities
Community Amenities
- Private entrances
- On-site management and maintenance
Unit Amenities
- Kitchen appliances include a refrigerator, oven, electric range, dishwasher, and garbage disposal
- Oak-look, flat recessed panel cabinets
- Laminate countertops in kitchen and bathroom
- Vinyl plank flooring in kitchen and bathroom
- Carpet in living room and bedrooms
- Vinyl windows
- 8-foot ceilings
- Washer/dryer connections
- Private balconies and patios
- Screened porches*
*In select units
Photo Gallery
Contact Us
Charlotte Office
4201 Congress Street
Suite 200
Charlotte, NC 28209
Raleigh Office
4030 Wake Forest Road
Suite 300, Office 314
Raleigh, NC 27609
Charleston Office
121 Calhoun Street
Suite 200
Charleston, SC 29401
Greenville Office
355 S. Main Street
1st and 2nd Floor
Greenville, SC 29601
Investment Sales
Matt Robertson
Associate Director
919.812.3174
[email protected]
Caleb Troop
Senior Managing Director
314.607.3481
[email protected]
Drew Kwiatkowski
Associate Director
908.221.2635
[email protected]
Thomas Colaiezzi
Director
901.603.8590
[email protected]
Mortgage Banking
Josh Finley
Managing Director
404.654.2594
[email protected]
Adam Erickson
Director
404.654.2596
[email protected]
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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