W. MORGAN STREET/DOWNTOWN AREA TRIPLEX
PRICE:
$
491,000
STATUS:
Sold
ADDRESS:
725 W Morgan St, Raleigh, NC 27603, USA
OVERVIEW:
SOLD 8/31/17 FOR $491,000
This property sits in a prime location along West Morgan Street in Raleigh. It currently functions as a three unit apartment building, but the location and zoning present a great redevelopment opportunity.
The owner pays water (apprx. $150/mo), but the leases include a partial reimbursement of water expenses which currently equals $85/mo.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| A | 2 BD / 1 BA | 1,300 SF | $1,010 |
| B | 2 BD / 1 BA | 1,000 SF | $975 |
| C (basement) | 1 BD / 1 BA | 325 SF | $500 |
| TOTAL | $2,485 |
PROPERTY INFORMATION
| PIN | 1703383827 |
| Tax Value | $435,255 |
| Taxes | $4,587.96 |
| Lot Size | .16 ACRES |
| Year Built | 1920 |
| Exterior | WOOD |
| Floors | CARPET, VINYL, HARDWOOD |
| Foundation | PARTIAL BASEMENT/CRAWL |
| HVAC | A- CENTRAL A/C, GAS PACK; B- CENTRAL A/C, GAS FORCED AIR HEAT; C- BASEBOARD HEAT |
| Utilities | OWNER PAYS WATER (APRX. $150/MO) |
| Legal Description | LO14 GRT PT SNOW PROP |
| Appliances | RANGE, REFRIGERATOR, WASHER/DRYER |
| Sold Date | 2017-08-31 |
| Zoning | OX-4-UL |
Agent Information Steve Deaton
Location Map
W. MORGAN STREET/DOWNTOWN AREA TRIPLEX
Address:
725 W Morgan St, Raleigh, NC 27603, USA
Price: $
491,000
Unit:
3