623 Rawls Drive
Raleigh, NC 27610
1991 sqft | 3 beds | 2 baths | 0.24 acres | #10050679
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.
Interior Details
- CoolingElectric
- HeatingElectric
Beds & Baths
- Bedrooms3
- Bathrooms2
- Full Baths2
Property Details
- Stories1
Measurements
- Acres0.24
- Square Feet1991
Parking
- Parking FeaturesDriveway
- Parking TypeDriveway
Construction Details
- Property TypeMulti-Family
- StyleRanch
Condition
- Year Built2007
Material information
- RoofShingle
Utilities / Energy Details
- Sewer InformationPublic Sewer
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionNot in a Subdivision
Location
- Elementary SchoolWake County Schools
- Middle SchoolWake County Schools
- High SchoolWake County Schools
- CountyWake
- ZoningR-6
Financial Details
- Taxes Annual$3,331
Other
- MLS #10050679
Location
Legal
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Last Updated: . Source: TRIANGLEMLS
Listing Courtesy
Listing Agent: Nathan Becker (#R26117)
Listing Office: BIG Realty Company (#3068)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.