Bought with Hodge & Kittrell Sotheby's Int
$540,000
$549,900
1.8%For more information regarding the value of a property, please contact us for a free consultation.
623 Rawls Drive Raleigh, NC 27610
3 Beds
2 Baths
1,991 SqFt
Key Details
Sold Price $540,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,991 sqft
Price per Sqft $271
Subdivision Not In A Subdivision
MLS Listing ID 10050679
Bedrooms 3
Full Baths 2
Year Built 2007
Annual Tax Amount $3,331
Lot Size 10,454 Sqft
Property Sub-Type Duplex
Property Description
Location...Location!!! Come explore the possibilities for your next investment! Convieniently located inside the beltline and approximately 200 yards from bus stop. Renovated, clean and well maintained duplex. Each unit is approximately 1000 sq ft and contains 3 bedrooms / 2 baths. Located approximately 4 miles from downtown Raleigh and 1 mile from WakeMed and Raleigh Country Club. Each unit has parking in driveway and on street. Both units occupied: Unit 101-$1850/mo - expires 6/30/2027 (with increase to $1910 on 7/1/25 and $1975 on 7/1/26). Unit 102 - $1850/mo-expires 8/31/2025. Tenants want to extend their leases and will be discussed ideal situation with potential buyer. Tenants pay their own utilities. This property is in extremely high demand and realizes a 7% Cap Rate. Looking for a buyer that will purchase this similar property next door at 619 Rawls. Buyer must grant seller temporary grading easements (for both 619 and 623 Rawls) and permanent stormwater easement (for 623 Rawls) for townhome development happening adjacent to property. Please confirm schools. No HOA.
Location
State NC
County Wake
Zoning R-6
Interior
Heating Electric
Cooling Electric
Flooring Laminate
Exterior
View Y/N Yes
Roof Type Shingle
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Wake County Schools
Middle Schools Wake County Schools
High Schools Wake County Schools
Others
Special Listing Condition Seller Licensed Real Estate Professional
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