718 S State Street, Raleigh, NC 27601

$1,083,360
Sold Price
$1,083,360
List Price
$1,195,000
Closing Date
Aug 15, 2019
Status
CLOSED
MLS#
2255029
Lot Size
7,405
Region
003 - Raleigh
Subdivision
Not in a Subdivision
Year Built
2008
Acres
0.17

Property Description

Own one of the best income generating properties in Raleigh! This property located by Ligon Middle School boasts rents from 4 - 4 bedroom apartments and 2 - 3 bedroom apartments. Two buildings located on two different lots. 718 and 720 S. State St. Gross rent potential $8,850/mos or $103,800/year - Currently fully leased. Units have been updated recently and are turned (cleaned/repaired) between tenants.

Additional Information

Design
Unit 1/Othr, Unit 2/Othr, Unit 3/Othr, Unit 4/Othr
Foundation
Slab
Exterior Finish
Vinyl
Parking
Off Street Parking
Special Conditions
No Special Conditions
Fuel Heat
Electric
Water Sewer
City Sewer
Flooring
Carpet, Vinyl
Num Units
6
Lot Number
170 & 171

Mortgage Calculator

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Calculator source: Real Geeks

Seller Representative Dream Living Realty

Seller Representative Dream Living Realty

Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2019 Triangle MLS, Inc. of North Carolina. Data last updated .