PARK 207 – QUAD NEAR DOWNTOWN RALEIGH, NC
PRICE:
$
450,000
STATUS:
Sold
ADDRESS:
207 Park Ave, Raleigh, NC 27605, USA
OVERVIEW:
SOLD 8/6/20 FOR $425,000
Originally built in 1901, these four units are within walking distance of NC State, Downtown Raleigh and Pullen Park. The immediate neighborhood has seen an enormous inflow of investment, renovation and development capital in recent years. See the rent roll below and the additional information attached for details. The property has operated as a rental building for decades. This is a great opportunity to purchase a fully-leased asset in a premium location for long-term appreciation, add value through strategic renovations or renovate and convert to single-family.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 207 - A | 3 BD/3 BA | 1545 SF APPROX. | $1,575 |
| 207 - D | STUDIO | 250 SF APPROX. | $650 |
| 207 - E | STUDIO | 250 SF APPROX. | $675 |
| 207 - F | STUDIO | 280 SF APPROX. | $675 |
| TOTAL | $3,575 |
PROPERTY INFORMATION
| PIN | 1703190883 |
| Tax Value | $377,569 |
| Taxes | TBD |
| Lot Size | .17 ACRES |
| Year Built | 1901 |
| Exterior | ASBESTOS, WOOD |
| Floors | HARDWOOD, TILE, VINYL, CARPET |
| Foundation | CRAWL, BASEMENT |
| HVAC | WINDOW A/C, CENTRAL GAS HEAT |
| Utilities | SEE ADDITIONAL INFORMATION |
| Legal Description | LO29 MARTIN LAND BM1885-62 |
| Appliances | SEE ADDITIONAL INFORMATION |
| Zoning | R-10 (parking overlay district) |
Agent Information Thomas T Furlow
Location Map
PARK 207 – QUAD NEAR DOWNTOWN RALEIGH, NC
Address:
207 Park Ave, Raleigh, NC 27605, USA
Price: $
450,000
Unit: