603 Polk St, Raleigh, NC 27604

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 $2,357 per month, based on similar listings in the area. Estimated short-term cap rate of -3.0%. Estimated long-term cap rate of -3.7%. If you have been dreaming of a charming historic home with a white picket fence on a corner lot on one of the prettiest streets in Downtown Raleigh, here it is!!! This Victorian cottage in Historic Oakwood is the perfect blend of historic charm and modern convenience, featuring gleaming heart pine floors, high ceilings, a stained glass transom window in the central hall, and a clawfoot tub, along with an updated master bathroom with double vanities and a beautiful modern kitchen. The kitchen has modern cabinetry, double ovens, a 6-burner cooktop, soapstone countertop, and a large island, plus there is a pass-through to the family room and a large pantry/laundry room. There are 4 fireplaces, 2 wood-burning fireplaces and 2 decorative. The large, open lot has plenty of space for outdoor living with a brick patio in the rear, a full rocking-chair front porch, and already-approved architectural plans for a fabulous new shed structure. All of this and you can walk, bike, or scooter to the dog park and all the restaurants, festivals, museums, and shopping in Downtown Raleigh and the Person Street District from your new home!