360 Wilmot Drive
Raleigh, NC 27606
$535,000
Price
5
Beds
2
Baths
1
1/2 Bath
2,016 Sq. Ft.
$265 / Sq. Ft.
2,016
Sq. Ft.
$265
per Sq. Ft.
Description
Fantastic investment opportunity in highly sought after Fairview Acres in close proximity to NC State. Cash flowing, stabilized property with leases in place through 6/30/2026. Master lease in effect - Not individual. 7/1/24 - 6/30/25 Lease at $4,000/month. 7/1/25 - 6/30/26 Lease at $4,450/month. Gorgeous open floorplan with finishes that are rarely seen at this price point. Fully updated kitchen with Samsung appliances, new cabinets, granite countertops, eat-in kitchen bar with waterfall edge. New...Fantastic investment opportunity in highly sought after Fairview Acres in close proximity to NC State. Cash flowing, stabilized property with leases in place through 6/30/2026. Master lease in effect - Not individual. 7/1/24 - 6/30/25 Lease at $4,000/month. 7/1/25 - 6/30/26 Lease at $4,450/month. Gorgeous open floorplan with finishes that are rarely seen at this price point. Fully updated kitchen with Samsung appliances, new cabinets, granite countertops, eat-in kitchen bar with waterfall edge. New bathroom upgrades include double vanity cabinets, walk-in shower, tiled floor/shower, and anti-fog backlit mirrors. Additional improvements include New Roof, refinished hardwood floors, new driveway and privacy fencing. Finished daylight basement, with separate entrance from main house, offers additional flex space and laundry room. Property is located on a spacious 0.47 acre lot within the Raleigh Frequent Transit area. Please refer to City of Raleigh UDO for guidelines, but potential to increase revenue by adding ADUs. Covered carport with Storage. Detached shed on property offers additional storage, but is not in habitable condition. Appliances and Washer/Dryer convey. This investment property is As-Is and ready to go! Buyers & Buyers Agents, please reach out to Listing Agent for all property disclosures, financials, and full list of upgrades.
- Listed by Ben Davis • DAVIS REALTY AND DEVELOPMENT C
- Listed by Elizabeth Ann Jordan • DAVIS REALTY AND DEVELOPMENT C
Property Details for 360 Wilmot Drive
View
Neighborhood
ViewYes
WaterfrontNo
SubdivisionFairview Acres
LISTING UPDATED: 12/27/2024 08:37 PM
Property Details for 360 Wilmot Drive
| Status | Active |
|---|---|
| MLS # | 10068320 |
| Days on Market | 6 |
| Taxes | $2,950 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Single Family Residence |
| Year Built | 1956 |
| Lot Size | 0.47 AC / 20,473 SF |
| County | Wake County |
Building Information for 360 Wilmot Drive
Stories1Residences1Year Built1956Building Size-Lot Size0.47 AC / 20,473 SF
Property Information for 360 Wilmot Drive
Summary
Location and General Information
- Zoning: R-4
- Directions: From Western Blvd. turn onto Jones Franklin Rd. Right onto Vann St. Left onto Wilmot Dr. Home will be on right.
- Subdivision Name: Fairview Acres
- Latitude: 35.776711
- Longitude: -78.728562
- Road Frontage Type: City Street
- Road Surface Type: Asphalt
Taxes and HOA Information
- Association: No
- Tax Annual Amount: $2,949.73
- City Limits Of: Raleigh
- City Limits YN: Yes
- Lot Number: 18
- Restrictive Covenants YN: No
Contract Information
- Comp Sale YN: No
- Lease Expiration Date: 2026-06-30
- Original MLS: Triangle MLS Inc
- Property Leased YN: Yes
School Information
- Elementary School: Wake - Farmington Woods
- Middle Or Junior School: Wake - Martin
- High School: Wake - Athens Dr
Parking
- Open Parking: Yes
- Parking Features: Attached, Carport, Driveway, Paved
- Carport Spaces: 1.0
- Carport: Yes
- Attached Garage: Yes
- Garage: No
Property
Lot Information
- Building Area Total: 2016.0
- Architectural Style: Ranch
- Detached Living Area Sq Ft: 429
- Other Area Above Grade: 0
- Total Other Area Sq Ft: 0
- Other Structures: Outbuilding, Shed(s), Storage, Workshop
- Parcel Number: 0783075703
- Structure Type: House
- Power Production YN: No
Property and Assessments
- New Construction: No
- Photos Count: 42
- Above Grade Finished Area Source: Appraiser
- Below Grade Finished Area: 429.0
- Below Grade Finished Area Units: Square Feet
- Senior Community: No
Utilities
- Sewer: Public Sewer
- Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Water Source: Public
- Water_Sewer: Public, Public Sewer, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
- Construction Materials: Brick, Fiber Cement, Frame
- Exterior Features: Rain Gutters, Smart Lock(s), Storage
- Fencing: Partial
- Foundation Details: Brick/Mortar
- Patio And Porch Features: Deck, Front Porch, Patio
- Pool Private: No
- Roof: Shingle
- New Construction Type: Brick, Fiber Cement, Frame, House
Interior Features
- Levels: One and One Half
- Stories: 1
- Basement Description: Crawl Space, Daylight, Exterior Entry, Finished, Partial, Sump Pump, Walk-Out Access
- Fireplace Y N: No
- Flooring: Hardwood, Tile, Wood
- Windows Treatment: Screens, Wood Frames
- Cooling: Central Air
- Cooling?: Yes
- Heating: Forced Air
- Heating?: Yes
- Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer
- Laundry Features: In Basement, Laundry Room
- Interior Features: Bathtub/Shower Combination, Ceiling Fan(s), Double Vanity, Eat-in Kitchen, Kitchen/Dining Room Combination, Living/Dining Room Combination, Open Floorplan, Master Downstairs, Recessed Lighting, Smart Thermostat, Storage, Walk-In Closet(s), Walk-In Shower
- Spa: No
- Equipment Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer
- Interior: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Attached, Carport, Driveway, Paved, Brick, Fiber Cement, Frame, In Basement, Laundry Room
- Equipment: Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer, In Basement, Laundry Room, Attached, Carport, Driveway, Paved
Multi Family
Unit Information
- Total Units: 1
Agent
Sale and Listing
- Property Class Name: CrossProperty
Rental
Rental Information
- Lease Term: 12 Months
- TenantPays: Electricity, Gas, Pest Control, Sewer, Trash Collection, Water
Units Information
Unit One
- Unit One: Actual Rent: 4000.0
Unit Two
- Unit Two: Actual Rent: 0.0
Unit Three
- Unit Three: Actual Rent: 0.0
Unit Four
- Unit Four: Actual Rent: 0.0
Property History for 360 Wilmot Drive
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 360 Wilmot Drive
Taxable ValueLand$150,000Additions$187,333Total$337,333
Tax Record2024$2,950 ($246 / month)
Home Facts
Beds0Baths2Total Finished SqFt1,692 SqFtAbove Grade Finished SqFt1,692 SqFtStories1Lot Size20,473 SqFtStyleSingle Family ResidenceYear Built1956Year Renovated1965ZoningR-4CountyWAKEAPN0783.05-07-5703 0023521
Schools near 360 Wilmot Drive
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 8 |
Rating | School | Distance |
|---|---|---|
Farmington Woods Elementary PublicPK to 5 | ||
Martin Middle Public6 to 8 | ||
Athens Drive High Public9 to 12 | ||
Connections Academy Public6 to 8 |
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.
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Listing Courtesy of DAVIS REALTY AND DEVELOPMENT C
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