Residential Income in Raleigh

$775,000

4304 Presley, 27604, Raleigh, NC

Residential Income for sale in Raleigh, 4304 Presley, 27604, 4172 m²

4304 Presley, 27604, Raleigh, NC

$775,000

8Bed
12Bath
4172
Type: Residential Income

Description

Raleigh quadplex with income in place and opportunity to capture current market rents! Two of the four 2-bedroom units are currently leased, including Unit A at $1, 400/month and Unit D on a newly signed 2-year lease at $1, 650/month. Incredible current market rate! The two remaining units are vacant, giving the next owner the flexibility to select their own tenants and lease at current market rates. Significant improvements have been completed since 2022, including new siding, windows, exterior doors, gutters, updated exterior plumbing, drainage improvements, and refreshed porches. Interior renovations throughout the property include updated kitchens, stainless steel appliances, LVP flooring, plumbing and electrical updates, newer HVAC systems, and additional cosmetic improvements. Each unit features 2 bedrooms with a unique layout offering each bedroom its own private sink and toilet area with a shared connecting tub/shower. Renovated Unit C features LVP throughout and is ready for its next occupant, while Unit B offers additional value-add potential for the next owner. With existing rental income, a newly secured 2-year lease, two vacant units ready for the next leasing strategy, and substantial improvements already completed, 4304 Presley Court offers an attractive combination of stability and upside for its next investor. See attached improvements list for additional details.

Location

4304 Presley, 27604, Raleigh, NC

Data

Object TypeResidential Income
Purchase Price$775,000
Living Space4172 m²
Plot Size1942.51 m²
Bathrooms12
Construction Year1983
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeElectric, Heat Pump, None
Primary Energy SourceN/A
Construction Year1983
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent