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.
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Location
623 Rawls Drive, Raleigh, NC 27610
Status
Sold
Features & Amenities
Interior
total bedrooms3
Total bathrooms2
full bathrooms2
Flooring Laminate
Area & Lot
StatusSold
Living Area1,991 Sq.Ft.
Lot Area10,454.4 Sq.Ft.
MLS® ID10050679
TypeMulti-Family
YEAR BUILT2007
NeighborhoodRaleigh
Architecture StylesRanch
Elementary SchoolWake County Schools
Middle SchoolWake County Schools
High SchoolWake County Schools
Exterior
STORIES1
water SourcePublic
roofShingle
parkingDriveway
HEAT TYPEElectric
AIR CONDITIONINGElectric
sewerPublic Sewer
SubstructureSlab
Financial
Sales Price$540,000
Real Estate Tax$3,332/yr
ZoningR-6
LISTING AGENT
Holly Cannon
Broker
Holly is a midwestern native, but after living in Raleigh for over a decade, she proudly calls North Carolina her home.