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

UnitTypeSizeLeaseRent
A2 BD/2 BA1,078 SF9/30/21$1,300
B2 BD/2 BA1,078 SF10/31/21$1,300
C2 BD/2 BA1,030 SF5/31/21$1,250
D2 BD/2 BA1,030 SF8/31/21$1,275
E2 BD/2 BA1,006 SF3/31/21$1,275
F2 BD/2 BA1,006 SF7/31/21$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