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300 Horne St 4 Unit Apartment Building $1,595,000 ($398,750/Unit) Raleigh, NC 27607
Investment Highlights
- Redevelopment potential for developer
- Corner lot with great visibility
- Walkable amenities and close to NC State University, Downtown Raleigh, and Cameron Village
Executive Summary
Multi-family building has 4 apartments that generate consistent rental income with NC State University just minutes away. Located within West Raleigh Historic District, this property presents the best of Raleigh- walkable, bikeable, with a mix of old-school charm and modern energy presenting a multitude of potential uses
Property Facts
| Price | $1,595,000 | Apartment Style | Low-Rise |
| Price Per Unit | $398,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| No. Units | 4 | Building Size | 3,398 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1939 |
| Zoning | RX-3 - Property is within a Neighborhood Conservation Overlay District (-NCOD) | ||
| Price | $1,595,000 |
| Price Per Unit | $398,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 3,398 SF |
| No. Stories | 2 |
| Year Built | 1939 |
| Zoning | RX-3 - Property is within a Neighborhood Conservation Overlay District (-NCOD) |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 0794.16-82-9556-000 | Improvements Assessment | $247,244 |
| Land Assessment | $498,750 | Total Assessment | $745,994 |
Property Taxes
Parcel Number
0794.16-82-9556-000
Land Assessment
$498,750
Improvements Assessment
$247,244
Total Assessment
$745,994
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300 Horne St
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