718 S State Street, Raleigh, NC 27601

$1,195,000
List Price
$1,195,000
Price Change
▼ $100,000 1559333162
Days on Market
92
Closing Date
Aug 15, 2019
Status
CONTINGENT
MLS#
2255029
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

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of 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 .