8 Units Off St. Marys Street
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$695,000.00
Address
807 Clay StreetRaleigh, NC 27605
Overview
SOLD 6/12/09 FOR $665,000
This eight unit apartment building is in a great location inside Raleigh's beltline. Located one block from Broughton High School and across the street from Fred Fletcher Park the property attracts a large, qualified tenant base.
- Fantastic location, quiet street
- New roof 2006
- Strong rental market
- Opportunity to raise rents
- Potential for condo conversion
Unit Information
| Unit | Size | Type | Lease | Rent |
|---|---|---|---|---|
| A | 653 SF | 2 BD/1 BA | 7-30-10 | $695 |
| B | 653 SF | 2 BD/1 BA | M-M | $645 |
| C | 653 SF | 2 BD/1 BA | 11-30-09 | $745 |
| D | 653 SF | 2 BD/1 BA | 8-31-09 | $645 |
| E | 653 SF | 2 BD/1 BA | 11-30-09 | $625 |
| F | 653 SF | 2 BD/1 BA | 1-31-10 | $745 |
| G | 653 SF | 2 BD/1 BA | 9-31-09 | $645 |
| H | 653 SF | 2 BD/1 BA | 4-30-09 | $645 |
| TOTAL | $5,390 |
Property Information
- PIN
- 1704336154
- Tax Value
- $619,312
- Taxes
- $5,780.26
- Lot Size
- .28 ACRES
- Year Built
- 1975
- Exterior
- BRICK, MASONITE
- Floors
- CARPET, VINYL, TILE
- Foundation
- SLAB
- HVAC
- CENTRAL A/C, ELECTRIC FORCED AIR HEAT
- Owner Financing
- NONE
- Utilities
- OWNER PAYS DUMPSTER (APRX. $100/MO), COMMON ELECTRIC (APRX. $40/MO), COMMON WATER ($40/MO)
- Appliances
- RANGE, REFRIGERATOR, DISHWASHER, COMMON LAUNDRY
- Legal Description
- LOTS 8 AND 9 THOMAS AND AMANDA WMS
- Zoning
- R-30