Investment Property at 306 Linden Ave, Raleigh, NC 27601 - $-26,964 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 $253 per day and long-term for an average of $2,516 per month, based on similar listings in the area. Estimated short-term cap rate of -2.2%. Estimated long-term cap rate of -3.3%. Rare opportunity in the heart of Historic Oakwood- The Powell-Boone House c. 1909! Completely RENOVATED 3 bedroom/ 2 full bathroom, 1,547 SF home MOVE IN READY! Rocking Chair and porch swing front porch, fenced front and rear yard perfect for pets. Home retains its historic character including 12' ceilings but with modern conveniences including a chef's kitchen featuring stainless appliances, wall oven, large gas stove top, quartz countertops, with walk-in pantry. Open living, dining, kitchen flows seamlessly for entertaining and daily living. Custom designer light fixtures, door handles, door handles, faucets, and hardware throughout the home give it wow factor. The primary with en suite bathroom and walk in closet steal the show! Walk 3 houses down to hidden gem Smokestacks (one of the best restaurants in Raleigh), or 3 houses down in the opposite direction to Oakwood City Park- Vallie Henderson Park (complete with gazebo and native plants/ garden). Step through the large glass payned french doors leading from the dining room to the large deck on the rear of the home overlooking a spacious private fenced back yard. Storage building in the rear yard perfect for housing your gardening tools. This one won't last long... call today to schedule your showing!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$4219
Bedrooms
3
Bathrooms
2
SQFT
1,547
Furnished
N/A
Year built
1920
Listing Status
Active
MLS
10080915

Short-term Rental Potential
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$39,180

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$535

Price/SQFT

Long-term Rental Potential
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$30,192

Revenue
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Cap rate
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$2,516/mo

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