5,742 SqFt
5,742 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 5,742 sqft
Price per Sqft $208
MLS Listing ID 10142918
Style Multi Family
Abv Grd Liv Area 5,742
Year Built 1984
Annual Tax Amount $10,408
Lot Size 0.700 Acres
Acres 0.7
Property Sub-Type Multi Family
Source Triangle MLS
Property Description
Current in-place rents average approximately $1,317 per unit, providing immediate income with the opportunity for continued rental growth. Costar estimated average market rents for 2 beds in South Raleigh at $1500. The asset offers a simple operational profile and benefits from steady tenant demand in the surrounding area.
This asset has been well cared for by ownership, including extensive capex work done to the property. Vinyl windows, doors, asphalt seal coat, cabinet and countertop refinishing, appliances, water heaters and more have been done under their ownership.
The property sits on approximately 0.7 acres with ample parking, and provides convenient access to major employment centers and transportation corridors. A GoRaleigh public transit stop is located roughly 0.2 miles away, while Downtown Raleigh is approximately four miles, Dix Park 2.4 miles, Downtown Garner five miles, and Interstate 40 just over one mile from the site.
Location
State NC
County Wake
Zoning R-10
Direction From Downtown Raleigh, via US-401 S/US-70 E/N Dawson St, continue on 2.3 miles, right on Carolina Pines Ave, Left on Oak Rd, Left on Club Plaza Rd, Property will be on the right
Interior
Interior Features Bathtub/Shower Combination, Living/Dining Room Combination
Heating Electric, Heat Pump
Cooling Central Air
Flooring Tile, Vinyl
Appliance Electric Oven, Electric Range, Microwave, Refrigerator, Water Heater
Laundry In Unit
Exterior
Utilities Available Cable Available, Electricity Connected, Water Connected
Roof Type Shingle
Private Pool No
Building
Faces From Downtown Raleigh, via US-401 S/US-70 E/N Dawson St, continue on 2.3 miles, right on Carolina Pines Ave, Left on Oak Rd, Left on Club Plaza Rd, Property will be on the right
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 170209173010000 0041176
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
5966 Fairview Rd, Suite 400, Charlotte, NC, 28210, United States