This unique offering includes two duplexes on a shared lot3809 Virginia St. and 3807 Thelma St.with flexible options for buyers. Zoned RX-4 with a Transit Overlay District (TOD), the property presents significant development potential, allowing for the construction of a 6-story residential mixed-use building with minimal parking and frontage requirements. Currently, both duplexes are income-producing, with rooms rented by the week. 3809 Virginia St. features 5 beds/5 baths, while 3807 Thelma St. has 4 beds/4 baths and a garage, with each room generating weekly income. Whether you're looking to capitalize on the immediate rental income or redevelop the property for larger-scale use, this opportunity offers the best of both worlds. Owner financing is available.
Mls | 10048102 |
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Listing Type | For Lease |
Style | Attachd |
Status | Active |
Year | 1968 |
Days On Site | 103 |
Listing Provided By | Compass -- Raleigh | Marianne Mansour |
Beds | 9 |
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Baths | 9 Total |
Sq Feet | 5,376 |
Garage | 1 |
Storys | 1 |
Zoning | R-4 |
Acreage | 0.92 |
Property View | Yes |
State | NC |
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County | Wake |
City | Raleigh |
Zip Code | 27610 |
Area | Wake |
Community Name | Beacon Lake |
School District | Wake - S E Raleigh |
Elementary School | Wake - Partnership |
Middle School | Wake - Moore Square Museum |
High School | Wake - S E Raleigh |
Listing VS Median (in Beacon Lake) | |
Price: $1,250,000 low | high Med: $1,250,000 SqFt: 5,376 low | high Med: 5,376 $ / SqFt: $233 low | high Med: $233 On Site: 103 low | high Med: 103.000000 |