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Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $145 per day and long-term for an average of $2,044 per month, based on similar listings in the area. Estimated short-term cap rate of 0.9%. Estimated long-term cap rate of -2.0%. Central downtown Raleigh third floor condo just a few minutes walk from the Village District and Fred Fletcher Park. Updated with wood floors in the main areas and bedrooms, wood cabinets, granite countertops, and new water heater, hvac, and roof in 2022. So many big ticket items already completed for worry free living. This top floor unit features a covered porch perfect for morning coffee or an evening wind down. Gas fireplace offers extra warmth and coziness to the living room space. Open concept includes a breakfast bar and separate dining room for your eating preference. Great investment property with no rental cap and income potential or primary residence. Hoa dues include community pool, water, and garbage. Hoa info - https://engage.goenumerate.com/s/parkridgelane/home.php
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $355 |
Rental Policy | daily |
Yearly Taxes | $3300 |
Bedrooms | 2 |
Bathrooms | 2 |
SQFT | 1,005 |
Furnished | N/A |
Year built | 1986 |
Listing Status | Active |
MLS | 10057003 |
