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. |
Unit Information
| Unit | Type | Size | Lease | Rent |
|---|---|---|---|---|
| A | 2 BD/2 BA | 1,078 SF | 9/30/21 | $1,300 |
| B | 2 BD/2 BA | 1,078 SF | 10/31/21 | $1,300 |
| C | 2 BD/2 BA | 1,030 SF | 5/31/21 | $1,250 |
| D | 2 BD/2 BA | 1,030 SF | 8/31/21 | $1,275 |
| E | 2 BD/2 BA | 1,006 SF | 3/31/21 | $1,275 |
| F | 2 BD/2 BA | 1,006 SF | 7/31/21 | $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 | Owner Financing | NONE |
| Utilities | OWNER PAYS WATER (APRX. $280/MO), DUMPSTER (APRX. $95/MO) | Appliances | RANGE, REFRIGERATOR, DISHWASHER, MICROWAVE, WASHER & DRYER |
| Legal Description | RESERVED REAR WOODCREST SE5BLY | Zoning | R-10 |
| Sold Date | 01/27/2021 |
