Updated and fully leased quadruplex on RX-3 corner lot blocks from Downtown Raleigh! Four 2 bed/1 bath units with ample off street parking, new roof and windows, new siding, new central air, new flooring, quartz countertops, dishwashers, and easy bus stop access on corner. Fully furnished and operated by established single tenant for STR. Tenant covers all utilities for all four units and lawn/common area maintenance. Leased through April of 2025. Great opportunity to invest in a turn key- low maintenance property with many options for future development zoning of RX-3.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Interior Features
- Living/Dining Room Combination
- Quartz Counters
- Flooring: Laminate, Luxury Vinyl
Appliances
- Dishwasher
- Oven
- Range Hood
- Refrigerator
- Laundry Features: In Hall, In Unit, Main Level
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Forced Air
- Heating: Yes
Exterior and Lot Features
- Private Entrance
- Patio And Porch Features: Deck
- Road Frontage Type: City Street
- Road Responsibility: Public Maintained Road
Land Info
- Lot Description: Cleared, Level
- Lot Size Acres: 0.33
- Lot Size Dimensions: 100x146x100x148
- Vegetation: Cleared
- Lot Size Square Feet: 14375
Garage and Parking
- Open Parking Spaces: 10
- Open Parking: Yes
- Parking Features: Off Street, On Site
- Parking Total: 10
School Information
- Elementary School: Wake County Schools
- High School: Wake County Schools
- Middle School: Wake County Schools
Multi-Unit Info
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Rental Info
Other Property Info
- Annual Tax Amount: 2899
- Source Listing Status: Pending
- County: Wake
- Directions: From MLK take S State south. Property on hard corner of S State and Peterson
- Tax Year: 2023
- Source Property Type: Residential Income
- Property Subtype: condo
- Source Neighborhood: Not in a Subdivision
- Owner Pays: Insurance, Taxes
- Parcel Number: 1713123116
- Postal City: Raleigh
- Subdivision: Not in a Subdivision
- Zoning: RX-3
- Property Subtype: Quadruplex
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 2704
- Year Built: 1981
- Above Grade Finished Area: 2704
- Building Area Total: 2704
- Building Exterior Type: HardiPlank Type
- Common Walls: 1 Common Wall, 2+ Common Walls, End Unit
- Construction Materials: HardiPlank Type
- Foundation Details: Block
- Levels: One
- Property Age: 43
- Property Condition: Updated/Remodeled
- Roof: Shingle
- Structure Type: Multi Family, Quadruplex
- Year Built Effective: 1981
- Architectural Style: Contemporary
Utilities
- Sewer: Public Sewer
- Electricity Connected
- Natural Gas Connected
- Water Connected
- Water Source: Public
