516 Rush Street Active Save Request In-Person Tour Request Virtual Tour
Raleigh,NC 27610
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 729 sqft
Price per Sqft $3,429
Subdivision Home Acres
MLS Listing ID 10047058
Style Site Built
Bedrooms 3
Full Baths 2
Year Built 1952
Annual Tax Amount $1,565
Lot Size 0.490 Acres
Property Description
Discover an exceptional investment opportunity with three contiguous lots on Rush and Marion Streets, offering both immediate income and significant growth potential. 516 Rush St. is a three-bedroom property currently operating as a weekly rental. Zoned RX-3, with potential for a 3-story building with some commercial use. Adjacent to it is a newly constructed 10-room, 10-bath duplex on Marion St., slated for completion in December 2024, with projected monthly income of $6,500.00 - $7,000.00. Together, the three parcels span approximately 1.67 acres. Located near the growing Garner and CrossLink Roads corridor and the popular Crosstowne Subdivision, this property is perfectly positioned for future appreciation. For more details, refer to MLS listing #10047059 / 2806 Marion. Owner financing is available.
Location
State NC
County Wake
Interior
Heating Electric,Forced Air
Cooling Heat Pump
Flooring Hardwood,Linoleum
Exterior
Utilities Available Cable Available,Electricity Connected,Natural Gas Available,Sewer Connected,Water Connected
View Y/N Yes
Roof Type Shingle
Building
Lot Description Corner Lot
Story 1
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction No
Schools
Elementary Schools Wake - Smith
Middle Schools Wake - North Garner
High Schools Wake - Middle Creek
Others
Special Listing Condition Standard