Off-Market Property at 1103 E Lane St, Raleigh, NC 27601
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1103 E Lane St, Raleigh, NC 27601

$310,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $148 per day and long-term for an average of $1,841 per month, based on similar listings in the area. Estimated short-term cap rate of 2.3%. Estimated long-term cap rate of -0.2%. Unlock the potential of 1103 E Lane Street, located in the heart of Raleigh, NC! This property is being sold as-is and presents an excellent opportunity for investors or those with a creative vision to bring their ideas to life. Conveniently situated close to downtown Raleigh, you'll enjoy easy access to vibrant shops, restaurants, entertainment, and major city attractions. With its prime location and endless possibilities, this property is ideal for those looking to renovate or build equity in a sought-after area. Don't miss your chance to own a piece of Raleigh's thriving real estate market. Schedule your showing today!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$2829
Bedrooms
2
Bathrooms
2
SQFT
1,032
Furnished
N/A
Year built
1930
Listing Status
Off Market
MLS
10070609

Short-term Rental Potential
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$29,868

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$300

Price/SQFT

Long-term Rental Potential
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$22,092

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,841/mo

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