Description
Excellent location. Very rare opportunity to acquire a multifamily building in the highly sough-after Five Points/Hayes Barton neighborhood of Raleigh. The property features four one-bedroom, one-bathroom units and one studio unit. In recent years, ownership has completed substantial improvements to both the interior and exterior of the property. In total, these capital investments represent over $200k of improvements to the building within the last 2-3 years. Breakdown of all recent improvements available - see attached documents. Property is 100% leased and produces $5,940 in gross monthly rent. Owner paid utilities include common area electricity and water. SEE AGENT REMARKS.
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0BEDS
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0.22ACRES
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0BATHS
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01/2 BATHS
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2,066SQFT
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$675$/SQFT
School Information
Listing courtesy of Deaton Investment Real Estate: tfurlow@deaton.com. © 2023 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
Description
Excellent location. Very rare opportunity to acquire a multifamily building in the highly sough-after Five Points/Hayes Barton neighborhood of Raleigh. The property features four one-bedroom, one-bathroom units and one studio unit. In recent years, ownership has completed substantial improvements to both the interior and exterior of the property. In total, these capital investments represent over $200k of improvements to the building within the last 2-3 years. Breakdown of all recent improvements available - see attached documents. Property is 100% leased and produces $5,940 in gross monthly rent. Owner paid utilities include common area electricity and water. SEE AGENT REMARKS.
©2023 Triangle MLS, Inc. of North Carolina. All rights reserved. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS,
Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2023-06-03T23:51:50.77.