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