EIGHT UNITS NEAR DOWNTOWN RALEIGH

Price:

$875,000

Status:

Available

Address:

207 Park Ave, Raleigh, NC 27605, USA

Overview:

207 and 211 Park Avenue are adjacent buildings with a total of eight units and .34 acres on two parcels. The properties 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. Built in 1901, the properties have long-operated as rental houses and are fully-leased. See the rent roll below and the additional information attached for details.

Unit Information

UnitTypeSizeLeaseRent
207 - A3 BD/3 BA1545 SF APPROX.7/15/20$1,550
207 - DSTUDIO250 SF APPROX.4/30/20$600
207 - ESTUDIO250 SF APPROX.7/15/20$675
207 - FSTUDIO280 SF APPROX.7//15/20$675
211 - 14 BD/3 BA1730 SF APPROX.7/15/20$2,000
211 - 4STUDIO325 SF APPROX.7/31/20$625
211 - 52 BD/1 BA750 SF APPROX.12/9/19$950
211 - 6STUDIO270 SF APPROX.8/30/19$550
TOTAL $7,625

Property Information

PIN 1703190883, 1703190841 Tax Value $452,350
Taxes $5,052.38 Lot Size .34 ACRES
Year Built 1901 Exterior ASBESTOS, ALUMINUM
Floors HARDWOOD, TILE, VINYL, CARPET Foundation CRAWL, BASEMENT
HVAC WINDOW A/C, CENTRAL GAS HEAT Owner Financing NONE
Utilities SEE ADDITIONAL INFORMATION Appliances SEE ADDITIONAL INFORMATION
Legal Description LO29 MARTIN LAND BM1885-62, LO30 MARTIN PROP Zoning R-10 (parking overlay district)