516 Rush Street
$2,500,000
3
2
729
729
$3,429
Listed By Compass
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,...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.
Property Details for 516 Rush Street
Subdivision
Home Acres
LISTING UPDATED: 09/11/2024 05:35 PM
Property Details for 516 Rush Street
Status | Active |
---|---|
MLS # | 10047058 |
Days on Market | 109 |
Taxes | $1,565 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1952 |
Lot Size | 0.49 AC / 21,344 SF |
County | Wake County |
Building Information for 516 Rush Street
Stories1Year Built1952Building Size-Lot Size0.49 AC / 21,344 SF
Property Information for 516 Rush Street
Property History for 516 Rush Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 516 Rush Street
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 - | 9 to 13 |
Rating | School | Distance |
---|---|---|
Smith Elementary PublicPK to 5 | ||
North Garner Middle Public6 to 8 | ||
Middle Creek High Public9 to 12 | ||
Vernon Malone College and Career Academy Public9 to 13 |
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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