718 S State Street, Raleigh, NC 27601

$1,295,000
List Price
$1,295,000
Status
ACTIVE
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 $8,650/mos or $103,800/year - Currently fully leased. Units have been updated recently and are turned (cleaned/repaired) between tenants. Lots of interest already. Receiving offers NOW, Looking at all offers by 5/31/2019.

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

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 .