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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 $157 per day and long-term for an average of $1,723 per month, based on similar listings in the area. Estimated short-term cap rate of 2.6%. Estimated long-term cap rate of -1.2%. Welcome to this beautifully updated townhome, ideally located in the heart of downtown Raleigh! Just steps from local parks, shopping, dining, and all the vibrant amenities the area has to offer, this townhome combines convenience with charm. Inside, you'll be greeted by brand-new luxury vinyl floors throughout, complemented by freshly painted interiors and stylish new light fixtures. Other recent improvements include a New Roof (2019), HVAC (2020), and Electric Water Heater (2022). The thoughtfully updated bathrooms add a touch of elegance, making this townhome move-in ready. The kitchen is a true highlight, featuring sleek stainless steel appliances, a stunning granite island, and a cozy dining area perfect for casual meals or entertaining. For added convenience, the main floor includes a powder room, ideal for guests. Upstairs, you'll find two spacious bedrooms with ample closet space, as well as a shared bathroom designed with comfort in mind. Outside, enjoy your morning coffee or unwind in the evening on the inviting covered front porch or the private back deck. And there is one assigned parking spot right outside the front door. HOA allows Short-Term Rentals if you wanted to use as an AirBnB. With easy access to US-401 and I-40, commuting is a breeze, and the unbeatable location puts everything you need right at your doorstep. Don't miss out on this incredible opportunity to own a gorgeous townhome in downtown Raleigh!
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $50 |
Rental Policy | daily |
Yearly Taxes | $2780 |
Bedrooms | 2 |
Bathrooms | 2 |
SQFT | 905 |
Furnished | N/A |
Year built | 1987 |
Listing Status | Active |
MLS | 10080450 |