718 S State Street Raleigh, NC
$ 1,195,000
Property Attributes
  • MLS#2255029
  • TypeContingent
  • CountyWAKE
  • CityRaleigh
  • AreaWake
  • Zip27601
  • Style
  • Price$ 1,195,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Dream Living Realty
Property Description

Own one of the best income generating properties in Raleigh! This property located by Ligon Middle School boasts rents from 4 - 4 bedroom apartments and 2 - 3 bedroom apartments. Two buildings located on two different lots. 718 and 720 S. State St. Gross rent potential $8,850/mos or $103,800/year - Currently fully leased. Units have been updated recently and are turned (cleaned/repaired) between tenants.

Elementary School Middle School High School
Wake Cty School District Elementary School Wake Cty School District Middle School Wake Cty School District High School
Price History
5/15/2019 Listed $1,295,000
5/31/2019 8% - $1,195,000

General Features

Elementary School Wake Cty School District
High School Wake Cty School District
Latitude 35.771168
Listing Area Wake
Listing Status Pending
Longitude -78.624835
Lot Number 170 & 171
Middle School Wake Cty School District
New Construction No
Number of Units 6
Special Conditions No Special Conditions
Subdivision Not in a Subdivision
Type Triplex
Unit 1 Information 4+ Bedrooms
Unit 2 Information 3 Bedroom
Year Built 2008

Interior Features

Cooling Central Air
Flooring Carpet, Vinyl
Fuel Heat Electric

Exterior Features

Design Unit 1/Othr, Unit 2/Othr, Unit 3/Othr, Unit 4/Othr
Exterior Finish Vinyl
Foundation Slab
Lot Size Area 0.17
Parking Off Street Parking
Water/Sewer City Sewer


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 27601

AVG $550K
AVG 55
Year Built
AVG 1993
AVG 69
Data Provided by Walkscore ® not using MLS data

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