QUAD NEAR DOWNTOWN RALEIGH

Price:

$450,000

Status:

Under Contract

Address:

207 Park Ave, Raleigh, NC 27605, USA

Overview:

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.

Additional Information

207 Park Ave Additional Information

Unit Information

UnitTypeSizeLeaseRent
207 - A3 BD/3 BA1545 SF APPROX.7/15/21$1,575
207 - DSTUDIO250 SF APPROX.4/30/21$650
207 - ESTUDIO250 SF APPROX.7/31/21$675
207 - FSTUDIO280 SF APPROX.7/15/21$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 Owner Financing NONE
Utilities SEE ADDITIONAL INFORMATION Appliances SEE ADDITIONAL INFORMATION
Legal Description LO29 MARTIN LAND BM1885-62 Zoning R-10 (parking overlay district)