1103 Blount Street downtown Raleigh NC - home for sale investment cash flow property in the historic South Park district
Investors, this is one of the best deals in downtown Raleigh.
Enjoy cash-flow from a long-term tenant with excellent payment history and take advantage of a 40% tax credit for renovation.
1103 S. Blount Street is listed as a contributing resource in the East Raleigh South Park National Register historic district. This means that should you decide to renovate this property you will recover 40% of your renovation costs from state and federal tax credits.
More information available upon request.
Estimated ARV $110-120k. Comparative market analysis furnished upon request.
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Property Type: Residential
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Long term tenant @ $500/month
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Excellent payment history of 3+ years
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Seller financing available with cash offer
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40% recovery of renovation costs
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High potential for appreciation
The current population for the city of Raleigh is near 400,000 and this number continues to grow at one of the fastest rates in the country. Raleigh has consistently been ranked as one the best places to live in the US because of its educated population, low cost of living, fast job growth and accessibility. The downtown area is seeing heavy development and is seeing high urbanization. This is supported by such developments as Blount St. Commons.
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Single & multi-family cash-flow investment specialist. My areas of expertise lie within the NC state, North Raleigh, Wake Forest, and downtown Raleigh areas. A Delta Ridge, Oak Park, Chadwick and Brier Creek neighborhood expert.
