2911 Boone Trl Raleigh, NC 27610
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 2911 Boone Trl
- Property type
- Residential income homes
- Property subtype
- Dormitories
Description
This exceptional investment opportunity presents a 16-unit multifamily property ideally situated at 2911 Boone Trail, Raleigh, NC 27610. The property, built in 2008, encompasses a 7,444 square foot building on a substantial 20,038 square foot lot. Currently configured as an apartment building, it also functions effectively as a single-family rental portfolio and is suitable for student housing. The property boasts 16 bedrooms across its units, offering a strong rental income potential. With a total asking price of $1,899,900, the price per unit comes to $118,743.75. The property features 15 parking spaces, providing ample parking for residents. Zoned R-10 and classified as Class C, this two-story building presents a compelling investment opportunity in a high-demand area. The surrounding 1-mile radius boasts a population of 6,975 and a median household income of $51,402, indicating a strong tenant pool and promising rental market. This property offers a solid foundation for immediate income generation and future appreciation, making it an attractive addition to any investment portfolio. The property's location in Raleigh, NC, provides access to a thriving local economy and a growing population, further enhancing its long-term investment prospects. This is a rare opportunity to acquire a well-maintained multifamily property in a desirable location at a competitive price.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6336086
- Latitude
- 35.7403017
