Pending

623 Rawls Drive

Raleigh NC, 27610

$549,900


$276.19 per sqft

Pending

3 Beds

2 Baths

1,991 sqft

Multi-family

Built in 2007

Listing courtesy of BIG Realty Company

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 approximately 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.

10050679

MLS ID

September 5, 2024

Listed

January 18, 2025

Updated

Map

623 Rawls Drive
Raleigh NC, 27610

Interior Features

Total Stories

1


Bedrooms

3


Total Bathrooms

2


Full Bathrooms

2


Floor Description

Laminate


Fireplace

No


Cooling

Yes


Cooling Description

Electric


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.24 Acres


Architectual Style

Ranch


Roof

Shingle


Sewer

Public Sewer

School Information

High School

Wake County Schools


Elementary School

Wake County Schools

Other Property Details

Taxes

$3,332


Tax Frequency

Annually


Days on Market

38


Garage

No


Parking

Driveway


View

Yes


County

Wake


Water Source

Public


Pool

No


Zoning

R-6

Listing History

Date

Event

Price

10/13/2024

Pending

Listed by Nathan Becker, , BIG Realty Company

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Data last updated 2:09 PM UTC, 1/18/2025

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