Listing Courtesy of: Nathan Becker - BIG Realty Company
919-889-0059
$549,900
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623 Rawls Drive Unit 623 Raleigh, NC 27610
Duplex
Residence
3
Beds
2
Baths
...
Bed/Bath
1,991
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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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 approx...imately 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 6/30/2027 (with increase to $1910 on 7/1/25 and $1975 on 7/1/26). 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 easements (for both 619 and 623 Rawls) and permanent stormwater easement (for 623 Rawls) for townhome development happening adjacent to property. Please confirm schools. No HOA.
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MLS#
10050679
Property Type
Duplex
Bedrooms
3
Bathrooms
Year Built
2007
Square Feet
1,991
sq. ft
Lot Size
0.24
Stories
1.0
Sewer
Public Sewer
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