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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 $152 per day and long-term for an average of $1,861 per month, based on similar listings in the area. Estimated short-term cap rate of 4.0%. Estimated long-term cap rate of 1.3%. Great opportunity to own this one level, classic brick ranch with incredible potential for a first-time home homebuyer, someone downsizing, a retiree or an investor who sees the possibilities to flip or rent, either long or short term. Location, Location, Location - affordable established neighborhood, inside the Raleigh Beltline, convenient to downtown, easy access to beltline, Wake Med Hospital, and shopping. (3) bedrooms, (2)baths, large laundry room, and sunny flex-room useful for a den, an office, a playroom. Some updating was done in 2020 in the kitchen and baths, and hardwoods were refinished. Move in and make the few final touches needed to make it your own.
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $1773 |
Bedrooms | 3 |
Bathrooms | 2 |
SQFT | 1,144 |
Furnished | N/A |
Year built | 1960 |
Listing Status | Active |
MLS | 10061302 |
