Investment Condo at 7002 Longstreet Dr, Raleigh, NC 27615 - $22,224 Profit
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7002 Longstreet Dr, Raleigh, NC 27615

Unit - #C

$240,000

Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $193 per day and long-term for an average of $1,913 per month, based on similar listings in the area. Estimated short-term cap rate of 9.3%. Estimated long-term cap rate of 0.8%. Located just steps from the greenway and minutes from Shelly Lake, this beautifully updated 3-bedroom, 2-bathroom condo offers a serene retreat in one of Raleigh's most desirable areas. Situated off Six Forks Road, you'll enjoy the convenience of being close to parks, shopping, dining, and more, with easy access to everything you need. Step into the ground-floor unit and be welcomed by a bright and airy open floor plan. The contemporary kitchen features sleek white cabinets, a stunning granite countertop, and a striking tile backsplash. The spacious island is perfect for casual meals or gathering with friends, while the stainless steel appliances—including an oven, built-in microwave, and dishwasher—ensure both style and functionality. A stacked washer and dryer are conveniently located in the unit. The large bedrooms are complemented by updated fixtures and ceiling fans throughout, creating a comfortable and modern living space. Whether you're relaxing in your spacious living room or enjoying the fresh air outside, this condo offers a peaceful, low-maintenance lifestyle in an unbeatable location. Added convenience with the HOA including water and trash! Enjoy the best of both worlds with easy access to nature and city amenities, all just minutes away from your front door.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$309
Rental Policy
daily
Yearly Taxes
$1941
Bedrooms
3
Bathrooms
2
SQFT
1,018
Furnished
N/A
Year built
1975
Listing Status
Active
MLS
10073127

Short-term Rental Potential
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$43,200

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$235

Price/SQFT

Long-term Rental Potential
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$22,956

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,913/mo

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