516 Rush Street , Raleigh, NC 27610
Raleigh, NC 27610
Description
Discover an exceptional investment opportunity with three contiguous lots on Rush and Marion Streets, offering both immediate income and significant growth potential. 516 Rush St. is a three-bedroom property currently operating as a weekly rental. Zoned RX-3, with potential for a 3-story building with some commercial use. Adjacent to it is a newly constructed 10-room, 10-bath duplex on Marion St., slated for completion in December 2024, with projected monthly income of $6,500.00 - $7,000.00. Together, the three parcels span approximately 1.67 acres. Located near the growing Garner and CrossLink Roads corridor and the popular Crosstowne Subdivision, this property is perfectly positioned for future appreciation. For more details, refer to MLS listing #10047059 / 2806 Marion. Owner financing is available.
Details
| Mls | 10047058 |
|---|---|
| Listing Type | For Lease |
| Style | Detachd |
| Status | Active |
| Year | 1952 |
| Days On Site | 111 |
| Listing Provided By | Compass -- Raleigh | Marianne Mansour |
Features
| Beds | 3 |
|---|---|
| Baths | 2 Total |
| Sq Feet | 729 |
| Storys | 1 |
| Acreage | 0.49 |
| Property View | Yes |
Market Activity 27610
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Learn More About This Property
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27610 |
| Area | Wake |
| Community Name | Home Acres |
| School District | Wake - Middle Creek |
| Elementary School | Wake - Smith |
| Middle School | Wake - North Garner |
| High School | Wake - Middle Creek |
| Listing VS Median (in Home Acres) | |
Price: $2,500,000 low | high Med: $2,500,000 SqFt: 729 low | high Med: 729 $ / SqFt: $3,429 low | high Med: $3,429 On Site: 111 low | high Med: 111.000000 | |