SOLD 8/26/16 FOR $1,100,000.
Included $12,000 repair concession.
Iconic 11 Unit Apartment Building in Downtown Raleigh consisting of Six Two-Bedroom and Five One-Bedroom Apartments. Four levels. Huge balconies. Many potential opportunities. Renovate and raise rents, convert to owner occupied units or completely re-develop. Located across the street from the NC Bar Association and Christ Episcopal Church.
Owner pays water and gas. Building is heated by central gas boiler.
| Unit | Type | Size | Rent |
|---|---|---|---|
| #1 | 2 BR / 1 BA | 1,168 SF APX | $775/MO |
| #2 | 2 BR / 1 BA | 1,168 SF APX | $675/MO |
| #3 | 2 BR / 1 BA | 1,168 SF APX | $775/MO |
| #4 | 2 BR / 1 BA | 1,168 SF APX | $725/MO |
| #5 | 2 BR / 1 BA | 648 SF APX | $750/MO |
| #6 | 1 BR / 1 BA | 420 SF APX | $475/MO |
| #7 | 1 BR / 1 BA | 420 SF APX | $550/MO |
| #8 | 2 BR / 1 BA | 648 SF APX | 0 |
| BSMT 10 | 1 BR / 1 BA | 598 SF APX | $550/MO |
| BSMT 11 | 1 BR / 1 BA | 697 SF APX | $475/MO |
| BSMT 9 | 1 BR / 1 BA | 655 SF APX | $450/MO |
| COMMON AREA | 1450 SF APX | ||
| TOTAL | 10,208 SF | $6,200/MO |
| PIN | 1703799324 |
| Tax Value | $753,806.00 |
| Taxes | $8,373.92 |
| Lot Size | .17 ACRES |
| Year Built | 1924 |
| Exterior | BRICK |
| Floors | HARDWOOD/VINYL/TILE |
| Foundation | SLAB/BASEMENT |
| HVAC | GAS BOILER/WINDOW AC |
| Utilities | GAS AND WATER PAID BY OWNER |
| Legal Description | LOT A BM 1920-41 |
| Appliances | REF/RANGE |
| Sold Date | 2016-08-26 |
| Zoning | DX-4-UG |
Agent Information Steve Deaton