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

Location Map

W. MORGAN STREET/DOWNTOWN AREA TRIPLEX
Address: 725 W Morgan St, Raleigh, NC 27603, USA Price: $ 491,000 Unit: 3