BOYLAN HEIGHTS QUAD
PRICE:
$
607,500
STATUS:
Sold
ADDRESS:
501 Cutler St, Raleigh, NC 27603, USA
OVERVIEW:
SOLD 8/4/17 FOR $607,500
This beautiful quadraplex represents a rare opportunity to acquire an investment property in Raleigh’s historic, Boylan Heights neighborhood. The property has been well maintained, the units are gorgeous and the basement apartment was just renovated. The owner pays the gas, water and electric utilities for all units.
In addition to the lease rates quoted below, unit #1 receives a $100 credit for performing yard maintenance each month. Also, unit #2 pays an additional $75 and unit #3 pays an additional $50 per month as a utility payment. These arrangements are documented in the leases.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 1 - 1ST FLOOR | 2 BD / 1.5 BA | APPX. 1870 SF | $1,750 |
| 2 - 2ND FLOOR | 1 BD / 1 BA | APPX. 840 SF | $1,050 |
| 3 - 2ND FLOOR | EFFICIENCY | APPX. 400 SF | $550 |
| 4 - BASEMENT | 1 BD / 1 BA | APPX. 700 SF | $1,150 |
| TOTAL | APPX. 4000 SF | $4,500 |
PROPERTY INFORMATION
| PIN | 1703363905 |
| Tax Value | $474,044 |
| Taxes | $4,929.56 |
| Lot Size | .15 ACRES |
| Year Built | 1915 |
| Exterior | WOOD |
| Floors | HARDWOOD, CARPET, TILE, VINYL TILE |
| Foundation | BASEMENT, CRAWL |
| HVAC | CENTRAL A/C (EACH APT. HAS SEPERATE ZONE), GAS HEAT (BASEMENT AND 1ST FLOOR), ELECTRIC HEAT (2ND FLOOR) |
| Utilities | GAS, WATER AND ELECTRIC PAID BY OWNER, APPRX. $450/MO TOTAL |
| Legal Description | LO142 BOYLAN HEIGHTS |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER (VARIES BY UNIT) |
| Sold Date | 2017-08-04 |
| Zoning | R-10 |
Agent Information Steve Deaton
Location Map
BOYLAN HEIGHTS QUAD
Address:
501 Cutler St, Raleigh, NC 27603, USA
Price: $
607,500
Unit:
4