Bought with Default Office
$1,083,360
$1,195,000
9.3%For more information regarding the value of a property, please contact us for a free consultation.
718 S State Street Raleigh, NC 27601
Key Details
Sold Price $1,083,360
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Not In A Subdivision
MLS Listing ID 2255029
Sold Date 08/15/19
Originating Board Triangle MLS
Year Built 2008
Annual Tax Amount $2,748
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.
Location
State NC
County Wake
Direction From US-70 E/Wade Ave continue on NC-50 S/US-70 E/Wade Ave, follow signs for Downtown/Capital Boulevard S, Take the Martin Luther King Jr Blvd exit, Use any lane to turn left onto Martin Luther King Jr Blvd, Turn left onto S State St
Interior
Heating Electric
Cooling Central Air
Flooring Carpet, Vinyl
Exterior
View Y/N Yes
Garage No
Private Pool No
Building
Faces From US-70 E/Wade Ave continue on NC-50 S/US-70 E/Wade Ave, follow signs for Downtown/Capital Boulevard S, Take the Martin Luther King Jr Blvd exit, Use any lane to turn left onto Martin Luther King Jr Blvd, Turn left onto S State St
Foundation Slab
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Wake County Schools
Middle Schools Wake County Schools
High Schools Wake County Schools
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