Address
1508 Gorman Street Raleigh, NC
Price
$ 1,500,000
Property Attributes
  • MLS#2373957
  • TypeMulti-Family
  • CountyWAKE
  • CityRaleigh
  • AreaWake
  • Zip27606
  • Style
  • Price$ 1,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4227
  • Lot Size0.55 Acres
Listing Provided Courtesy Of:
Northside Realty Inc.
Data Source:
Triangle MLS
Property Description

Fantastic investment opportunity to own a FULLY RENOVATED TRI-PLEX near NC State University. The building currently has three units each with 4 bedrooms/4 baths. Owner has architectural drawings and permits started to ADD TWO ADDITIONAL 4 bedroom/4 bath units to the building. Total rents currently $8,000 monthly. Potential rents of $14,000 monthly with 5 units. Conveniently located near the bus line and minutes to downtown Raleigh and walking distance to NC State campus.

Elementary School Middle School High School
Wake - Weatherstone Elementary School Wake - Davis Drive Middle School Wake - Athens Dr High School
Price History
3/25/2021 Listed $1,500,000

General Features

AVM Yes
Cooling Central Air
Elementary School Wake - Weatherstone
Flooring Laminate
Heating Forced Air
High School Wake - Athens Dr
Listing Area Wake
Lot Number 6
Middle School Wake - Davis Drive
New Construction No
Number of Units 3
Parking 3 space+/Unit
Special Conditions No Special Conditions
Status Active
Subdivision Not in a Subdivision
Type Apartments
Unit 1 Information 4+ Bedrooms
Unit 2 Information 4+ Bedrooms
Unit 3 Information 4+ Bedrooms
Year Built 1987

Interior Features

Fuel Heat Natural Gas
Unit 1 Above Grade Sqft 1409
Unit 2 Above Grade Sqft 1409
Unit 3 Above Grade Sqft 1409

Exterior Features

Latitude 35.777852
Longitude -78.688042
Design Unit 1/1 Sty, Unit 2/1Sty, Unit 3/1 Sty
Exterior Finish Vinyl
Foundation Block
Lot Size Area 0.55
Water/Sewer City Sewer, City Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 27606

Price
AVG $970K
$1.5M
Visits
AVG 67
88
Year Built
AVG 1986
1987
Walkscore
AVG 26
38
Data Provided by Walkscore ® not using MLS data

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