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Christina Valkanoff

[email protected] +1(919) 646-4006

Listed by Compass -- Raleigh

$ 1,900,000

Est. payment -/mo

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1106 S East Street Raleigh, NC 27601

20 Beds

10 Baths

8,880 SqFt

UPDATED:

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

HOA Y/N No

Abv Grd Liv Area 8,880

Year Built 1986

Annual Tax Amount $17,350

Lot Size 0.930 Acres

Acres 0.93

Property Sub-Type Duplex

Source Triangle MLS

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

Direction Martin Luther King Jr. Blvd. to S East St, properties on the corner of S East St and Bragg St.

Interior

Interior Features Bathtub/Shower Combination, Eat-in Kitchen, Kitchen/Dining Room Combination, Laminate Counters

Heating Electric

Cooling Central Air, Electric, Varies by Unit

Flooring Carpet, Combination, Vinyl

Fireplace No

Appliance Dishwasher, Electric Oven, Electric Water Heater, Free-Standing Electric Range

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

Street Surface Paved

Private Pool No

Building

Lot Description Back Yard, City Lot, Cleared, Few Trees, Front Yard

Faces Martin Luther King Jr. Blvd. to S East St, properties on the corner of S East St and Bragg St.

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories 2

Structure Type Brick,Wood Siding

New Construction No

Schools

Elementary Schools Wake - Fuller

Middle Schools Wake - Carnage

High Schools Wake - Broughton

Others

Tax ID 1703837960;1703838930;1703848101;1703848004;170383

Special Listing Condition Standard

Christina Valkanoff

Broker | Owner | License ID: 233901

+1(919) 646-4006

Christina Valkanoff

1106 S East Street Raleigh, NC 27601

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1106 S East Street