1106 East Street
Raleigh, NC 27601Discover this rare investment opportunity with the Bragg and East Collection, ideally located within walking distance to the vibrant heart of downtown Raleigh. This package offers strong redevelopment potential, both in its current form as a partially leased 5 duplex package (comprised of ten (10) 2bed/1bath units, totaling 20 bedrooms, 10 baths and 8,880 square feet) or as a small future new-construction townhome/condo or single family home subdivision. The site is currently zoned R-10 and in the South Park Neighborhood Overlay District and could potentially yield up to ~18-20 townhome/condo units, to be confirmed with the City of Raleigh by Buyer. This property is perfect for an individual or group looking for a small multifamily asset to improve and hold, as it offers very strong future (and current) redevelopment potential. Or perfect for a builder-buyer looking to build new construction homes in Raleigh's popular South Park neighborhood today. Don't miss the chance to capitalize on this prime location and transform its potential into reality.
$1,900,000
20 bedrooms
10 full bathrooms
0.93 acres
8,880 square feet
$214 per square foot
Additional Property Information
- TypeDuplex
- Built1986
- NeighborhoodSouth Park
- CountyWake
- AreaRaleigh
- Elementary SchoolWake - Fuller
- Middle SchoolWake - Carnage
- High SchoolWake - Broughton
Listing courtesy of Compass -- Raleigh. © 2024 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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Find your amount- Exterior Features
- Interior Features
- Property Features
- Common Walls No One Below, No One Above, 1 Common Wall, End Unit
- Construction Materials Wood Siding, Brick
- Exterior Features None
- Fencing None
- Lot Size Acres 0.93
- Other Structures Shed(s)
- Parking Features Driveway, Concrete, Tandem
- Structure Type Duplex
- Above Grade Finished Area 8,880
- Appliances Free-Standing Electric Range, Electric Water Heater, Electric Oven, Dishwasher
- Cooling Electric, Central Air, Varies by Unit
- Cooling Y/N Yes
- Flooring Combination, Vinyl, Carpet
- Heating Electric
- Heating Y/N Yes
- Interior Features Eat-in Kitchen, Laminate Counters, Kitchen/Dining Room Combination, Bathtub/Shower Combination
- Laundry Features Washer Hookup, Electric Dryer Hookup
- Association Amenities None
- Community Features Playground, Street Lights
- Lot Features Back Yard, City Lot, Cleared, Few Trees, Front Yard
- Tax Annual Amount 17350
- Water Source Public
- Year Built 1986
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