1106 S East Street new to site Save Request In-Person Tour Request Virtual Tour
Raleigh,NC 27601
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 8,880 sqft
Price per Sqft $213
Subdivision South Park
MLS Listing ID 10111847
Style Duplex
Bedrooms 20
Full Baths 10
Year Built 1986
Annual Tax Amount $17,350
Lot Size 0.930 Acres
Property Sub-Type Duplex
Property Description
Discover this rare investment opportunity with the Bragg and East Collection, ideally located within walking distance to the vibrant heart of downtown Raleigh. This package offers strong redevelopment potential, both in its current form as a partially leased 5 duplex package (comprised of ten (10) 2bed/1bath units, totaling 20 bedrooms, 10 baths and 8,880 square feet) or as a small future new-construction townhome/condo or single family home subdivision. The site is currently zoned R-10 and in the South Park Neighborhood Overlay District and could potentially yield up to ~18-20 townhome/condo units, to be confirmed with the City of Raleigh by Buyer. This property is perfect for an individual or group looking for a small multifamily asset to improve and hold, as it offers very strong future (and current) redevelopment potential. Or perfect for a builder-buyer looking to build new construction homes in Raleigh's popular South Park neighborhood today. Don't miss the chance to capitalize on this prime location and transform its potential into reality.
Location
State NC
County Wake
Community Playground,Street Lights
Interior
Heating Electric
Cooling Central Air,Electric,Varies by Unit
Flooring Carpet,Combination,Vinyl
Laundry Electric Dryer Hookup,Washer Hookup
Exterior
Exterior Feature None
Fence None
Community Features Playground,Street Lights
Utilities Available Cable Available,Electricity Connected,Sewer Connected,Water Connected
View Y/N Yes
View City,Neighborhood
Roof Type Shingle
Building
Lot Description Back Yard,City Lot,Cleared,Few Trees,Front Yard
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick,Wood Siding
New Construction No
Schools
Elementary Schools Wake - Fuller
Middle Schools Wake - Carnage
High Schools Wake - Broughton
Others
Special Listing Condition Standard