Log In/Sign Up
Your email has been sent.
700 Glascock | Income Producing Investment 700 Glascock St 8 Unit Apartment Building $625,000 ($78,125/Unit) 7.05% Cap Rate Raleigh, NC 27604
Investment Highlights
- Income-producing property with $62,700 current annual gross income and $44,065 NOI
- 8 currently rented rooms with month-to-month tenancy, offering immediate cash flow and future flexibility
- 0.22-acre corner parcel near Downtown Raleigh with R-10 zoning and Frequent Transit Development Option
Executive Summary
Income-producing investment opportunity minutes from Downtown Raleigh. Currently generating $62,700 in annual gross income with $44,065 current NOI, representing a 7.05% cap rate at asking price. Property currently operates with 8 occupied income-producing rooms on month-to-month agreements. An additional room is presently used for storage and may provide future income upside. Seller-provided operating expenses total approximately $18,635 annually.
Situated on an approximately 0.22-acre corner parcel with R-10 zoning and approximately 10 off-street parking spaces. Existing improvements include a 2023 roof, 2018 HVAC, updated windows, bathrooms and kitchen cabinetry.
Opportunity for an investor seeking current cash flow with potential income optimization and longer-term property optionality. Buyer to independently verify zoning, permitted uses, income, expenses and future development potential.
Situated on an approximately 0.22-acre corner parcel with R-10 zoning and approximately 10 off-street parking spaces. Existing improvements include a 2023 roof, 2018 HVAC, updated windows, bathrooms and kitchen cabinetry.
Opportunity for an investor seeking current cash flow with potential income optimization and longer-term property optionality. Buyer to independently verify zoning, permitted uses, income, expenses and future development potential.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Site Amenities
- Laundry Facilities
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
700 Glascock | Income Producing Investment | 700 Glascock St