Buy a Multi-Family Property

11 Units in Southeast Raleigh: Short Sale

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$189,000.00

This listing is sold "AS IS"

Address

1201 S. East Street
Raleigh, NC 27601

Overview

Located at the corner of East Street and Bragg Street, this property features 11, 2-bedroom units in addition to a large storage unit at the corner of the two buildings. With hands-on management this property could offer strong cash flow.

  • Needs work and agressive management
  • Block exterior, on slab
  • New roof and all new windows 2006
  • Short sale: contract will require lender approval

Link to Tax Records

Additional Information:


Unit Information

UnitSizeTypeLeaseRent
11 UNITS 756 SF 2 BD/1 BA SEE RENT ROLL $475 AVG
TOTAL 8316 SF $4,950

Property Information

PIN
1703839761
Tax Value
$358,141
Taxes
$3,610.56
Lot Size
.56
Year Built
1967
Exterior
BLOCK
Floors
VINYL, CARPET, HARDWOOD
Foundation
SLAB
HVAC
WINDOW A/C, GAS WALL HEAT/ELECTRIC WALL HEAT
Owner Financing
NONE
Utilities
OWNER PAYS WATER (AVG.$275/MO) LIGHTS (APRX.$25/MO) AND DUMPSTER (APRX. $164/MO)
Appliances
RANGE
Legal Description
LO11-14 SOUTH PARK BM 1911-00044
Zoning
R-2O

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