Contacts
Property Details
- Property Type Other
- Property Size 14,600 SF
- Units 16
- Year Built 1959
- Date Updated Feb 20, 2025
Deaton GREA, as the exclusive listing broker for the seller, is pleased to present these 16 units in Raleigh, N.C. The property offers a prime location near Downtown Raleigh, NC State University, Cary, the Research Triangle Park. The property sits directly on the bus route, within walking distance to Harris Teeter grocery-anchored shopping center, and offers easy access to surrounding attractions such as the Lenovo Center.
The property features a mix of fourteen, two-bedroom units and two, three-bedroom units. The rear building is three stories and was built in 1997. It features, twelve, identical, two-bedroom and one-bathroom floor plans. The front building is brick, one-story duplex, built in 1959 with an addition on the side built in 1997 that is two-stories. The original, brick duplex features two, identical two-bed and one-bathroom floor plans. The 1997 addition features two, identical, three-bedroom and two-bathroom units. The roofs were replaced in 2020. There is some polybutelene plumbing in the 1997 buildings.
The current owner self-manages the asset and has consistently kept occupancy above 90%. There are eight current tenants receiving rental assistance, but the property is not under any affordable restrictions. This property offers an excellent opportunity for an investor to acquire a stabilized asset in the heart of Raleigh's thriving market.
Reach out to the broker for more info on lease terms and amenities
Highlights
- 100% Occupancy
- In the heart of Raleigh's thriving market
Getting around
-
50/100
Walk Score ®
-
37/100
Transit Score ®
-
27/100
Bike Score ®
Location
- City Raleigh, NC
- Neighborhood Wolf Crossing
- Zip Code 27606
- Market Raleigh Durham
Points of Interest
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Raleigh
4.61 miles
-
Zone 1: Prearranged Services
7.30 miles
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Zone 4: Limos
7.32 miles
-
Mobil
0.48 miles
-
Gabe Mart
0.49 miles
-
Sheetz
0.83 miles
-
BP
1.03 miles
-
Exxon
1.06 miles
-
Citgo
1.28 miles
-
76
1.28 miles
-
Shell
1.40 miles
-
Building C Charging Station
2.82 miles
-
EVgo
3.25 miles
-
Lake Johnson Park Lot 2
1.68 miles
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CBC Parking Garage
1.74 miles
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Terry Center Parking
1.78 miles
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Health and Wellness Center parking
1.84 miles
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Large Animal Hospital parking
1.89 miles
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District Drive Park & Ride
2.00 miles
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Senior Parking Lot
2.12 miles
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East Cedar Street Lot
2.73 miles
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West Lot Parking Deck
2.73 miles
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Town of Cary Library Parking Deck
2.80 miles
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Hyatt Place Raleigh West
0.91 miles
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Home2 Suites Raleigh State Arena
0.97 miles
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Hawthorn Suites by Wyndham Raleigh
0.97 miles
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Wingate by Wyndham State Arena Raleigh/Cary
0.99 miles
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Four Points by Sheraton Raleigh Arena
1.17 miles
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Hampton Inn & Suites
1.36 miles
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Motel 6 Raleigh, NC - Cary
1.41 miles
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Homewood Suites by Hilton Raleigh Cary I-40
1.58 miles
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Best Western Plus
1.64 miles
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Red Roof Inn Raleigh Southwest - Cary
1.65 miles
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Harris Teeter
0.56 miles
-
Roses Department Store
1.17 miles
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Grand Asia Market
1.21 miles
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Ross
1.37 miles
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Burlington
1.45 miles
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Marshalls
1.51 miles
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Target
1.67 miles
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Casablanca Market
2.02 miles
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Patel Brothers
2.03 miles
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Almadina Market
2.05 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
