NORTH RALEIGH DUPLEXES – 10 UNITS

Price:

$1,750,000

Status:

Under Contract

Address:

5904 Applewood Ln, Raleigh, NC 27609, USA

Overview:

These Duplexes are located in the heart of the North Bend neighborhood in North Raleigh, N.C. There are five duplexes with 10 total units. The units are large, 2-bedroom 2.5-bathroom, town home-style apartments. This asset offers the opportunity for an investor to acquire a property in a desirable neighborhood that is well-positioned to increase income through operational and strategic value-add improvements.  Each duplex is priced individually for $350,000 or they can be bought as a package. 5904/5906 Applewood Ln, 5905/5907 Applewood Ln, 5908/5910 Applewood Ln, 804/806 Flintwood Ct, 808/810 Flintwood Ct.

Unit Information

UnitTypeSizeLeaseRent
5904 APPLEWOOD2BD/2.5BA1,232 SFMONTH-TO-MONTH$950
5906 APPLEWOOD2BD/2.5BA1,232 SFMONTH-TO-MONTH$950
5905 APPLEWOOD2BD/2.5BA1,220 SFMONTH-TO-MONTH$950
5907 APPLEWOOD2BD/2.5BA1,220 SFMONTH-TO-MONTH$875
5908 APPLEWOOD2BD/2.5BA1,208 SFMONTH-TO-MONTH$950
5910 APPLEWOOD2BD/2.5BA1,232 SF2/28/2023$1,150
804 FLINTWOOD2BD/2.5BA1,204 SFMONTH-TO-MONTH$925
806 FLINTWOOD2BD/2.5BA1,230 SFMONTH-TO-MONTH$975
808 FLINTWOOD2BD/2.5BA1,230 SFNTV 10/15/2022$950
810 FLINTWOOD2BD/2.5BA1,230 SF10/31/2022$1,195
10 UNITS 12,238 SF TOTAL $9,870 TOTAL

Property Information

PIN CONSULT TAX RECORDS Tax Value $1,556,350
Taxes $15,927.55 Lot Size 1.78 ACRES TOTAL
Year Built 1979/1980 Exterior WOOD SIDING
Floors CARPET, VINYL, LVP, TILE Foundation CRAWL SPACE
HVAC CENTRAL AIR/HEAT PUMP Owner Financing NONE
Utilities TENANT PAYS UTILITIES Appliances RANGE, REFRIGERATOR, DISHWASHER, WASHER/DRYER CONNECTION
Legal Description CONSULT TAX RECORDS Zoning R-6