Raleigh, NC 27610,419 Rose Lane
Raleigh, NC 27610,419 Rose Lane
Raleigh, NC 27610,419 Rose Lane
Raleigh, NC 27610,419 Rose Lane
Raleigh, NC 27610,419 Rose Lane
Raleigh, NC 27610,419 Rose Lane
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Listed by United Real Estate Triangle
$ 1,200,000
Est. payment | /mo

5,448 SqFt


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$ 1,200,000
Est. payment | /mo
Save

5,448 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Coming soon

Purchase Type For Sale

Square Footage 5,448 sqft

Price per Sqft $220

Subdivision Rosemont Gardens

MLS Listing ID 10126233

Style Duplex,Multi Family,Site Built

Abv Grd Liv Area 5,448

Year Built 1959

Annual Tax Amount $6,137

Lot Size 1.050 Acres

Acres 1.05

Property Sub-Type Multi Family

Source Triangle MLS

Property Description

Welcome to this 6-unit multi-family investment opportunity in Raleigh. Situated on just over an acre, the property consists of three brick duplexes that are fully leased and producing income today. Zoned R-6, it offers a rare combination of cash flow and redevelopment potential, with the opportunity for future townhome redevelopment. Investors can choose to hold and optimize the existing rentals, phase in new construction while maintaining income, or pursue a full redevelopment strategy. Surrounded by new builds selling between $450K-$600K and located only minutes from Downtown Raleigh, this property presents multiple exit strategies and long-term upside in one of the city's fastest-growing corridors.

Location

State NC

County Wake

Direction From Raleigh Blvd, head toward Poole Rd and turn left. Continue straight, then turn left onto Martin Luther King Jr. Blvd. Next, turn right onto Rose Lane.

Rooms

Basement Crawl Space

Interior

Interior Features Bathtub/Shower Combination, Ceiling Fan(s), Kitchen/Dining Room Combination, Open Floorplan, Walk-In Closet(s)

Heating Electric, Forced Air

Cooling Central Air, Window Unit(s)

Flooring Vinyl

Appliance Dishwasher, Electric Oven, Electric Range, Exhaust Fan, Microwave, Tankless Water Heater, Washer/Dryer

Laundry In Unit, Inside

Exterior

Exterior Feature Fenced Yard, Private Yard, Rain Gutters, Storage

Fence Back Yard, Chain Link, Fenced

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Shingle

Street Surface Gravel,Paved

Private Pool No

Building

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

Building Description Brick, Primary Walk-In Closet(s)

Faces From Raleigh Blvd, head toward Poole Rd and turn left. Continue straight, then turn left onto Martin Luther King Jr. Blvd. Next, turn right onto Rose Lane.

Story 1

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories 1

Structure Type Brick

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Doorify MLS / Triangle MLS
Jason Walters

+1(252) 904-0357

jason@waltersteam.com

526 E Nash Street, Hope, NC, 27882, United States

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419 Rose Lane