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.
Property Type: Multi Family Home
Sub Type: Triplex
Listing Status: Active
County/Area: Wake County
Zip Code: 27601
Year Built: 2008
Elementary School: Wake Cty School District
Middle School: Wake Cty School District
High School: Wake Cty School District
Units: 6 units
Lot Size: 7405 sq ft
A/C: Central Air
Design: Unit 1/Othr, Unit 2/Othr, Unit 3/Othr, Unit 4/Othr
Mike Carlos has listed our property on line.
After three days we had an offer to buy, even higher than the asking price.
Mike took care of everything - smooth sailing all the way.
He was very helpful, he is knowledgeable and courteous.
The following attributes apply to him:
Honesty, Integrity and Diligence.
Mike, thank you for a job well done.Gabriele and Emil Schaer