623 Rawls Drive Raleigh, NC 27610
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 6/30/2025. 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 easement for townhome development happening adjacent to property. Please confirm schools. No HOA.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyWake
- Taxes$3,331
- HOA/Condo/Coop Fees$0
- Days on Site0 Days
- MLS StatusActive
- MLS ID Number10050679
- Home Size Source Public Records
- Year Built2007
- Lot Size0.24 Acres
- Full Baths2
- Partial BathsN/A
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General Features
- Style Ranch
- Construction Vinyl Siding
- Parking Driveway
- Sewer Public Sewer
- Number of Stories 11
- Acreage 0.24
- Water Public
- Property Sub Type Duplex
- Attached Garage No
- Foundation Slab
- Zoning R-6
Interior Features
- Cooling Electric
- Heating Electric
- Flooring Laminate
- Fireplace No
Exterior Features
- Roof Shingle
- Spa No
Community Features
- Senior Community No