COMPLETELY RENOVATED – SIX UNITS IN RALEIGH

PRICE:
$ 1,100,000
STATUS:
Sold
ADDRESS:
1950 Raleigh Blvd, Raleigh, NC 27610, USA
OVERVIEW:

SOLD 1/27/21 FOR $1,075,000

This building features six, two-bedroom units that are fully-leased. The owner just completely renovated the building with nearly $380,000 in improvements.  These renovations include roof, siding, 12 of 18 windows, 5 of 6 heating and air systems, all new hot water tanks, all new appliances, all new laundry closets with stack washer-dryers, new sheetrock, new kitchens with soft touch cabinets, changed layout to get two full baths in each unit (tubs in A, B, C, D and shower stalls in E and F), recessed lighting, ceiling fans and more.  The property is located about two miles north of Downtown Raleigh and just south of the I-440 Beltline. Watch a video tour of a unit at this link.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
A 2 BD/2 BA 1,078 SF $1,300
B 2 BD/2 BA 1,078 SF $1,300
C 2 BD/2 BA 1,030 SF $1,250
D 2 BD/2 BA 1,030 SF $1,275
E 2 BD/2 BA 1,006 SF $1,275
F 2 BD/2 BA 1,006 SF $1,225
TOTAL 6,228 SF $7,625
PROPERTY INFORMATION
PIN 1714672062
Tax Value $680,474
Taxes $6,619.88
Lot Size .47 ACRES
Year Built 1984
Exterior BRICK, WOOD, VINYL
Floors LVT
Foundation SLAB
HVAC CENTRAL AIR, HEAT PUMP
Utilities OWNER PAYS WATER (APRX. $280/MO), DUMPSTER (APRX. $95/MO)
Legal Description RESERVED REAR WOODCREST SE5BLY
Appliances RANGE, REFRIGERATOR, DISHWASHER, MICROWAVE, WASHER & DRYER
Sold Date 2021-01-27
Zoning R-10

Location Map

COMPLETELY RENOVATED – SIX UNITS IN RALEIGH
Address: 1950 Raleigh Blvd, Raleigh, NC 27610, USA Price: $ 1,100,000 Unit: