207 Woodsborough Pl Raleigh, NC 27601
- Residential income homes
- 15,540 SF
Current Use by Public Records
- Residential income homes
Property Details for 207 Woodsborough Pl
- Year built
- 2023
- Property size
- 15,540 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of seven brand-new, Class A single-family homes in downtown Raleigh, North Carolina. Each unit boasts four bedrooms, four bathrooms, and 2,220 square feet of living space, including a one-car garage. Built in 2023-2024, these properties offer a combined 15,540 square feet of net rentable space and provide two parking spaces per unit. The prime location places the homes within easy reach of Raleigh's vibrant cultural scene and numerous downtown attractions. With a potential monthly income of $8,000 per unit (based on comparable rentals), this portfolio offers significant income potential, suitable for both short-term rentals (Airbnb, with potential nightly rates of $599) and corporate furnished rentals. The property also features a rooftop terrace with stunning downtown skyline views. This investment is particularly attractive given the significant ongoing development in downtown Raleigh, with $7.1 billion currently invested in various projects. This portfolio represents a rare opportunity to acquire a high-yield, luxury rental property in a rapidly growing market. Note that finishes may vary slightly between units. The asking price for this exceptional portfolio is $6,965,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6305786
- Latitude
- 35.7778347
