Investment Property at 700 Coleman St, Raleigh, NC 27610 - $-18,924 Profit
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Description

Profitable Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $263 per day and long-term for an average of $2,381 per month, based on similar listings in the area. Estimated short-term cap rate of 0.1%. Estimated long-term cap rate of -2.8%. Who says you can't have it all? This gorgeous downtown home was just built in 2019, and offers 4 bedrooms, 3 *full* baths, a fenced back yard, two spacious porches, and luxury living for just 675k. A classic, wraparound front porch overlooks the large, landscaped front yard of this corner property. The double-wide driveway is large enough to comfortably fit three cars. Inside, hardwood floors anchor a bright, open living space perfect for entertaining. A large, well-appointed kitchen opens to the back deck, overlooking a fenced, fully-landscaped backyard with a custom storage shed. The downstairs bedroom and full bath provide comfort and privacy for visiting guests or a spacious home office. Upstairs, three large bedrooms offer a private retreat in the midst of your convenient, downtown living. The primary bedroom is outfitted with a large walk-in closet and modern en suite bathroom. A third full bathroom in the upstairs hallyway is perfect for guests. Over 5,000 investment in custom, modern window treatments throughout. Book your showing today and come see for yourself all that 700 Coleman has to offer. // Less than 1/2 mile to popular Chavis Park, less than 1 mile to Transfer Co. Food Hall and the Walnut Creek Wetland Center, and just 1 mile to Moore Square and the heart of downtown Raleigh.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$5033
Bedrooms
4
Bathrooms
3
SQFT
2,062
Furnished
N/A
Year built
2019
Listing Status
Active
MLS
10074805

Short-term Rental Potential
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$48,012

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$322

Price/SQFT

Long-term Rental Potential
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$28,572

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,381/mo

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