Buy a Multi-Family Property

13 Units Near Five Points

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Address

1422 Scales Street
Raleigh, NC 27608

Overview

Located in one of Raleigh's most desirable neighborhoods, just two blocks from Five Points, this apartment property is one-of-a-kind. The property features a large, 3 BD house in the front with 12, 2 BD apartments attached in the rear.

  • Great Inside the Beltline location
  • These apartments have never traded on the open market
  • Strong occupancy, opportunity to raise rents

Link to Tax Records

Additional Information:


Unit Information

UnitSizeTypeLeaseRent
12 APTS 800 SF - 996 SF 2 BD/1 BA SEE RENT ROLL SEE RENT ROLL
HOUSE 2,108 SF 3 BD/3 BA 11/30/09 $1,450
TOTAL 12,226 SF $8,835 MKT

Property Information

PIN
1704557906
Tax Value
$527,960
Taxes
$5,071.24
Lot Size
.88 ACRES
Year Built
1925 (House) / 1977 (Apartments)
Exterior
VINYL (House) / VINYL, BRICK (Apartments)
Floors
HARDWOOD, CARPET, VINYL (House) / CARPET, VINYL (Apartments)
Foundation
CRAWL (House) / SLAB (Apartments)
HVAC
CENTRAL A/C, GAS FORCED AIR (House) / CENTRAL A/C*, BASEBOARD HEAT (Apartments - *Basement units have window a/c)
Owner Financing
NONE
Utilities
OWNER PAYS WATER (APRX. $390/MO), ELECTRIC (APRX. $175/MO)
Appliances
RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS (House) / RANGE, REFRIGERATOR, COMMON AREA-COIN LAUNDRY (Apartments)
Legal Description
1422 SCALES STREET
Zoning
R-10, LEGAL NON-CONFORMING

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