1600 Poole Road

Raleigh, NC 27610

$1,250,000
Price
—
Beds
5,900 Sq. Ft.
$212 / Sq. Ft.
5,900
Sq. Ft.
$212
per Sq. Ft.

Description

Attention investors! This is a fantastic opportunity to own 8 units in Raleigh. Each unit is 720 sq. ft. with 2 bedrooms and 1 bath. Two units have been fully gut-renovated, and four others have also been updated with fresh paint, LVP flooring, and more. All 8 units are occupied, many at below-market rents. This is a great chance to own a cash-flowing apartment building in a quickly gentrifying neighborhood in Raleigh. The upside potential is huge!Attention investors! This is a fantastic opportunity to own 8 units in Raleigh. Each unit is 720 sq. ft. with 2 bedrooms and 1 bath. Two units have been fully gut-renovated, and four others have also been updated with fresh paint, LVP flooring, and more. All 8 units are occupied, many at below-market rents. This is a great chance to own a cash-flowing apartment building in a quickly gentrifying neighborhood in Raleigh. The upside potential is huge!
  1. Listed by Connie Jean Guckavan • Raynor Realty powered by Real
  2. Listed by Cory James Thornton • Raynor Realty powered by Real

Property Details for 1600 Poole Road

Waterfront
No
Showings Expected to Begin
07-16-2024
Subdivision
Battery Heights
LISTING UPDATED: 08/05/2024 01:28 PM

Property Details for 1600 Poole Road

StatusActive
MLS #10041404
Days on Market135
Taxes$10,535 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1984
Lot Size0.45 AC / 19,602 SF
CountyWake County

Building Information for 1600 Poole Road

Stories2Residences8Year Built1984Building Size-Lot Size0.45 AC / 19,602 SF

Property Information for 1600 Poole Road

Summary
Location and General Information
  • Zoning: RX-3
  • Directions: From the 440 Beltline, exit New Bern Ave (Towards downtown) Take a left on S Raleigh Blvd and a right onto Poole Road
  • Subdivision Name: Battery Heights
  • Latitude: 35.777963
  • Longitude: -78.615948
  • Road Frontage Type: 2 Lane Road
Taxes and HOA Information
  • Tax Annual Amount: $10,535.00
  • City Limits Of: Raleigh
  • City Limits YN: Yes
  • Lot Number: 23-24
Contract Information
  • Comp Sale YN: No
  • Original MLS: Triangle MLS Inc
  • Years Owned: 1 or More Year(s)
Property
Lot Information
  • Building Area Total: 5900.0
  • Lot Size Dimensions: 19602 sq'
  • Parcel Number: 1713389209
  • Structure Type: Multi Family
  • List PriceAcre: 2777777.78
Property and Assessments
  • New Construction: No
  • Photos Count: 15
  • Possible Use: Commercial, Investment, Multi-Family
  • Below Grade Finished Area Units: Square Feet
  • Property Condition: Updated/Remodeled
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Exterior Features: Balcony
  • Foundation Details: Block
  • Pool Private: No
  • Roof: Asphalt
  • New Construction Type: Vinyl Siding, Multi Family
Interior Features
  • Stories: 2
  • Basement Description: Crawl Space
  • Flooring: Vinyl
  • Cooling: Central Air, Heat Pump
  • Cooling?: Yes
  • Heating: Heat Pump
  • Heating?: Yes
  • Appliances: Free-Standing Electric Range, Free-Standing Refrigerator, Microwave, Range Hood
  • Laundry Features: Laundry Room
  • Interior Features: Kitchen/Dining Room Combination, Laminate Counters
  • Equipment Appliances: Free-Standing Electric Range, Free-Standing Refrigerator, Microwave, Range Hood
  • Interior: Vinyl Siding, Laundry Room
  • Equipment: Free-Standing Electric Range, Free-Standing Refrigerator, Microwave, Range Hood, Laundry Room
Multi Family
Unit Information
  • Total Units: 8
Agent
Sale and Listing
  • Property Class Name: CrossProperty
Rental
Rental Information
  • TenantPays: Electricity, Trash Collection

Property History for 1600 Poole Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1600 Poole Road

Taxable ValueLand$400,000Additions$794,666Total$1,194,666
Tax Record2024$10,536 ($878 / month)
Home Facts
Total Finished SqFt5,760 SqFtAbove Grade Finished SqFt5,760 SqFtStories2Lot Size19,602 SqFtStyleMulti-Family Res (5+ Units)Year Built1984Year Renovated1999ZoningRX-3CountyWAKEAPN1713.06-38-9209 0075002

Schools near 1600 Poole Road

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Hunter Elementary School
PublicPK to 5

Ligon Middle
Public6 to 8

William G Enloe High
Public9 to 12

Longview
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1600 Poole Road is a multi-family home for sale in Raleigh, NC 27610. This property was listed for sale on July 1, 2024 by Raynor Realty powered by Real, it's currently listed at $1,250,000. It has been on the market for a total of 135 days and was last sold on February 20, 2023. This listing's school district is Wake County School District. Nearby schools include Hunter Elementary School, Ligon Middle and William G Enloe High. 1600 Poole Road is a 0-bed, 0-bath, 5,900 sqft multi-family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Raynor Realty powered by Real

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