W. Morgan Street/Downtown Area Triplex
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$329,000.00
Address
725 W. Morgan StreetRaleigh, NC 27603
Overview
This property sits in a prime location along West Morgan Street in Raleigh. It currently functions as a three unit apartment building, but it is zoned Buffered Commercial (BC) and sits between a law firm and an insurance office.
- Fully-leased & well maintained
- Multiple options for commercial use or redevelopment
- Located one block from $40+ million mixed-use development that just broke ground
Additional Information:
Unit Information
| Unit | Size | Type | Lease | Rent |
|---|---|---|---|---|
| A | 1,300 SF | 2 BD/1 BA | 7/14/12 | $1,045 |
| B | 1,000 SF | 2 BD/1 BA | 6/30/12 (tenant 10 years) | $825 |
| C | 325 SF | 1 BD/1 BA | 9/25/12 | $500 |
| TOTAL | $2,370 |
Property Information
- PIN
- 1703383827
- Tax Value
- $280,063
- Taxes
- $2,601.58
- 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
- Owner Financing
- NONE
- Utilities
- OWNER PAYS WATER (APRX. $110/MO)
- Appliances
- RANGE, REFRIGERATOR, WASHER/DRYER
- Legal Description
- LO14 GRT PT SNOW PROP
- Zoning
- BUFFERED COMMERCIAL