$239,000
For Sale

1207 Carlton Avenue

Raleigh, NC 27606
Browse 15 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

PRIME BUILDABLE LOT IN THE HEART OF NC STATE RENTAL MARKET!
Located just one block from NC State campus, this buildable lot offers an exceptional opportunity for student housing development in a highly sought-after area. Zoned to accommodate a custom duplex and additional Accessory Dwelling Unit (ADU), this property allows for up to 12 bedrooms, perfect for maximizing rental income in the vibrant student community.
Key Features:
Location: Prime location just one block from NC State campus.
Zoning: Approved for a 4 bedroom duplex plus an ADU, totaling up to 12 bedrooms.
Customized Plans: Purchase pre-designed customizable building plans or use your own builder to create a tailored student housing solution.
Rental Demand: Strong demand for student rentals per bedroom ensures high occupancy rates.
Community: Established neighborhood with proximity to campus amenities and services.
Development Zone: Part of a growing student development area with 7 other proposed new duplexes.
Don't miss out on this exceptional investment opportunity to capitalize on the thriving NC State rental market. Build your portfolio with this high-yield property in a rapidly developing student-centric community.

  • Property Details
      • Utility FeaturesCable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
      • Lot FeaturesHardwood Trees, Interior Lot, Partially Cleared, Rectangular Lot, Subdivided
      • Lot DescriptionHardwood Trees, Interior Lot, Partially Cleared, Rectangular Lot, Subdivided
      • SubdivisionNot in a Subdivision
      • Elementary SchoolWake County Schools
      • Middle SchoolWake County Schools
      • High SchoolWake County Schools
      • Property SubtypeUnimproved Land
      • Sewer InformationPublic Sewer
      • Property TypePurchase
      • MLS #10097772
      • MLS #10097772
      • Utility SourcePublic
      • Taxes Annual$2,084
      • Cost239000
      • CountyWake
      • ZoningR-10
      • Acres0.1

Location

Cathryn Hartwell | WindChime Realty & Property Management LLCReal Estate Group
OR

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10.0%

Interest Rate

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6.0%

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2.6%
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