Property profile & analytics
- Garden apartment buildings
- 5,760 SF
- 0.45 lot acres
Property ID
US53-0147288
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Garden apartment buildings
Property Details
- Year built
- 1984
- Construction
- FRAME
- Lot size
- 0.45 lot acres
- Property size
- 5,760 SF
- Zone code
- RX-3
- Property type
- Garden apartment buildings
- APN
- 1713.06-38-9209 0075002
- APU
- 1713063892090075002
Description
This eight-unit apartment building, located at 1600 Poole Rd in Raleigh, NC (27610), presents a compelling investment opportunity. The property, built in 1984, encompasses 5,900 square feet on a 0.45-acre lot (APN: 1713.06-38-9209 0075002). All eight units are two-bedroom, one-bathroom apartments, each featuring laundry hookups and open floor plans. Currently boasting 100% occupancy, the average rent per unit is $1,057, significantly below the Raleigh fair market rent of $1,646 for a two-bedroom unit, indicating substantial upside potential. The property has undergone significant capital expenditures in the last five years, including roof replacement, cosmetic improvements, and the replacement of six out of eight HVAC units. Five units have recently been updated with fresh paint and new luxury vinyl plank (LVP) flooring. The property's Class C designation and 5.40% cap rate, coupled with its proximity to downtown Raleigh (approximately one mile) and planned mixed-use developments, make it an attractive investment. The asking price is $1,250,000. This property offers a blend of immediate income generation and long-term appreciation potential in a rapidly growing area.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,205,000
- ML approach
- $1,255,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $995,000
- 6.5%
- $920,000
- 7%
- $855,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.616
- Latitude
- 35.778
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,664
$224,000
$464,461
$688,461
-
$224,000
$464,461
$688,461
