623 Rawls Drive, Raleigh, NC 27610
623 Rawls Drive
$540,000
$540,000

623 Rawls Drive

3 Beds 2 Baths 1,991 Sq.Ft.

Description

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

  • Status Sold
  • 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
  • Zoning R-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.
Contact

Raleigh

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