$1,400,000
For Sale

316 E South Street

Raleigh, NC 27601
2310 sqft | 3 beds | 2 baths | 0.14 acres | #10061415
Browse 9 photos
Type:Purchase
Structure:House
Zone:Residential

Description

What a great investment opportunity near downtown Raleigh, one of the fastest growing cities in the Southeast. 310 (MLS# 10064429) and 316 E. South Street are zoned R-10 and intended to accommodate moderate-density residential development, either as single-family attached or detached dwellings on each lot. The large Victorian home is adjacent to a similarly sized parcel that is ready for development. The properties will be sold as a package for a price of $2.5M.
The property is within a short distance to Shaw University, Martin Marietta Center for the Performing Arts and downtown Raleigh. Easy access to I-40. The 2 story home, located close to downtown Raleigh, the Martin Marietta Center for the Performing Arts and Shaw University, is a great investment opportunity and ready for renovations. Enjoy time on the rear deck and view of the rock garden. Property being sold 'as is.' Seller will make no repairs.

  • Property Details
      • Utility FeaturesCable Available, Electricity Available, Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected, Sewer Av
      • Middle SchoolWake - Moore Square Museum
      • Community FeaturesSidewalks, Street Lights
      • Property SubtypeSingle Family Residence
      • Parking FeaturesOff Street, On Street
      • HeatingCentral, Natural Gas
      • SubdivisionNot in a Subdivision
      • High SchoolWake - Broughton
      • InteriorEat-in Kitchen
      • Elementary SchoolWake - Joyner
      • Sewer InformationPublic Sewer
      • CoolingCentral Air
      • Basement DescriptionCrawl Space
      • StyleVictorian
      • Property TypePurchase
      • MLS #10061415
      • MLS #10061415
      • RoofShingle
      • Cost1400000
      • Utility SourcePublic
      • Taxes Annual$4,245
      • Fence DescriptionFenced
      • Acres0.14
      • Square Feet2310
      • Year Built1907
      • CountyWake
      • ZoningR-10
      • Bedrooms3
      • Bathrooms2
      • Full Baths2
      • Stories2
      • Basement1
      • Fence1

Location

Chuck Belden | Relevate Real Estate Inc.Real Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00