Investment Condo at 122 N Harrington St, Raleigh, NC 27603 - $-31,476 Profit
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Description

Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $217 per day and long-term for an average of $2,580 per month, based on similar listings in the area. Estimated short-term cap rate of -1.4%. Estimated long-term cap rate of -4.2%. Are you looking for an elevated ''lock-and-go'' lifestyle? This stunning property offers breathtaking, panoramic views and an unbeatable location in the heart of downtown Raleigh. Situated on the 12th floor, it's move-in ready with gorgeous new flooring. Floor-to-ceiling windows showcasing the expansive north-facing vistas that are simply unmatched in downtown. The contemporary kitchen is a chef's dream, featuring a 5-burner gas cooktop, stainless steel vent hood, wall oven, and microwave, all complemented by clean, minimalistic white cabinetry and a stylish tile backsplash. The adjacent dining area and bar make for perfect spaces to entertain. The generous primary suite is a true retreat, complete with a luxurious en-suite bath featuring double vanities, a deep soaking tub, a separate shower, and ample closet space. A spacious second bedroom or office offers the same incredible views and flexibility for your needs. Additional amenities include Google Fiber availability, a garden terrace, and a resident club room on the 7th floor, offering a premium experience. Plus, with two deeded parking spaces in a secure garage, everything you need is right at your fingertips. Some of Raleigh's best restaurants, entertaining venues and shopping all within walking distance, don't miss the chance to experience this exceptional downtown living opportunity!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$722
Rental Policy
daily
Yearly Taxes
$5878
Bedrooms
2
Bathrooms
3
SQFT
1,367
Furnished
N/A
Year built
2005
Listing Status
Active
MLS
10063811

Short-term Rental Potential
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$52,080

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$548

Price/SQFT

Long-term Rental Potential
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$30,960

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,580/mo

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