NORTHEAST RALEIGH QUADS
Sold on 1/8/25 for $1,031,000 or $128,875/unit
Located in Northeast Raleigh, this offering features two adjacent one-story quadraplexes (8 units) that are individually deeded parcels and could be sold separately, but the current owner wants them to sell as a package with a combined purchase price of $1,015,000. Residents are within five minutes of multiple dining, retail, entertainment and employment options as well as Duke Raleigh Hospital. Both quadplexes feature two-bedroom and one-bathroom floorplans with 795 square feet for all units. There is plenty of value to be added and rent growth to realize for both 4800 Hoyle Drive priced at $525,000, and 4724 Hoyle Drive priced at $490,000.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 4 Units (4724) | 2 BR | 1 BA | 795 SF | $1,350 MARKET |
| 4 Units (4800) | 2 BR | 1 BA | 795 SF | $1,350 MARKET |
PROPERTY INFORMATION
| PIN | 726029636 (4724) , 1726029725 (4800) |
| Tax Value | $494,380 (4724), $494,229 (4800) |
| Taxes | $3,026.58 (4724), $3,025.58 (4800) |
| Lot Size | 0.44 (4724), 0.56 (4800) |
| Year Built | 1982 |
| Exterior | MASONITE |
| Floors | LVP, CARPET, VINYL |
| Foundation | CRAWL |
| HVAC | HEAT PUMP |
| Utilities | PAID BY TENANT |
| Legal Description | L06 PEPPERDYNE SUB BM1982-766 |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER & DRYER CONNECTIONS |
| Sold Date | 2025-01-08 |
| Zoning | RX-3 |
Agent Information Reef Ivey
Location Map
NORTHEAST RALEIGH QUADS
