$2,500,000
For Sale

516 Rush Street

Raleigh, NC 27610
729 sqft | 3 beds | 2 baths | 0.49 acres | #10047058
Browse 7 photos
Type:Purchase
Structure:House
Zone:Residential

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.

  • Interior Details
      • HeatingElectric, Forced Air
      • CoolingHeat Pump
    • Beds & Baths
      • Bedrooms3
      • Bathrooms2
      • Full Baths2
  • Property Details
      • Lot FeaturesCorner Lot
      • Lot DescriptionCorner Lot
      • Stories1
    • Measurements
      • Acres0.49
      • Square Feet729
    • Parking
      • Parking FeaturesAdditional Parking
  • Construction Details
      • Property TypePurchase
      • StyleBungalow
    • Condition
      • Year Built1952
    • Material information
      • RoofShingle
  • Utilities / Energy Details
      • Utility FeaturesCable Available, Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
      • Sewer InformationPublic Sewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionHome Acres
    • Location
      • Middle SchoolWake - North Garner
      • High SchoolWake - Middle Creek
      • Elementary SchoolWake - Smith
      • CountyWake
  • Financial Details
      • Taxes Annual$1,565
  • Other
      • MLS #10047058

Location

Legal

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Last Updated: . Source: TRIANGLEMLS

Listing Courtesy
Listing Agent: Marianne Mansour (#88641)
Listing Office: Compass -- Raleigh (#75688)

Jonathan Smith | EXP Realty LLCReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00

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    ​Listings identified with the TRIADMLS IDX logo come from TRIADMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 

    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.