Stabilized, picturesque 4 bedroom, 2 bath rental property in Village District ready for short term and long term investment. Renovated bathrooms, hardwood floors, updated kitchen, washer/dryer, new sump pump, 2018 roof, detached garage with roughed-in 220 electrical allows the potential to expand. 24 month leases in place, each bedroom has its own lease. Tenants pay all utilities except pest and landscaping. Financials and copies of lease are available upon request. Great opportunity for passive income while reducing cost basis over next 24 months.
Presenting an exciting student-housing investment opportunity located in a bullseye location in Raleigh, North Carolina - one of the hottest markets in the country. Located at 2208 Garden Place, this nearly 8,000 square foot multi-family property is within a short distance of both NC State University and the Village District, a mecca of restaurants, bars and upscale retail. Prominent retailers within ½ mile radius include popular national stores such as Starbucks, Sephora, Chopt, Cava, Insomnia Cookies and Barnes & Nobles as well as local favorites like Jubala Coffee, Ajisai Sushi, Cantina 18 and more. With a walk-score of 92 reaching over 100 food, hotel and retail options, this Property is truly in the center of it all. The Property is currently available for purchase as four spacious four-bedroom apartments, with the opportunity to add an additional ground level studio apartment. Significantly renovated in August of 2024, the Property includes seven dedicated on-site parking spaces with additional city-issued permitted parking in the neighborhood.
The median home value in Raleigh, NC is $427,000. This is lower than the county median home value of $434,100. The national median home value is $338,100. The average price of homes sold in Raleigh, NC is $427,000. Approximately 46.75% of Raleigh homes are owned, compared to 43.8% rented, while 9.45% are vacant. Raleigh real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Raleigh real estate agent to arrange a tour today!
Raleigh, North Carolina 27607 has a population of 462,219. Raleigh 27607 is less family-centric than the surrounding county with 31.82% of the households containing married families with children. The county average for households married with children is 37.3%.
The median household income in Raleigh, North Carolina 27607 is $72,996. The median household income for the surrounding county is $88,471 compared to the national median of $69,021. The median age of people living in Raleigh 27607 is 34.2 years.
The average high temperature in July is 89.5 degrees, with an average low temperature in January of 29.9 degrees. The average rainfall is approximately 45.8 inches per year, with 3.7 inches of snow per year.