Property Map
Street View
Courtesy of Compass — Raleigh, Marianne Mansour.
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.
Property Details and Features
Lot
- Lot Size Units: Square Feet
- Lot Features: “Corner Lot”
- Lot Size Acres: 0.49
- Lot Size Area: 21344.4
- Lot Size Square Feet: 21344.4
- Parcel Number: 1702940701
Property Access
- Road Surface Type: “Asphalt”
Bathrooms
- 2 full bathrooms
- 2 total bathrooms
- 2 total bathrooms
Bedrooms
- 3 bedrooms
Building
- Building Area Total: 729
- Building Area Units: Square Feet
- Construction Materials: “Concrete”
- Living Area Units: Square Feet
- Living Area: 729
- Structure Type: “Site Built”
- Year Built: 1952
Cooling
- Cooling: “Heat Pump”
- Cooling Included
Floors
- Flooring: “Hardwood”, “Linoleum”
Foundation
- Foundation Details: “Block”
Heating
- Heating: “Electric”, “Forced Air”
- Heating Included
Listing
- Days On Market: 27
- Lease Term: Negotiable
Location
- Subdivision Name: Home Acres
Parking
- Parking Features: Additional Parking
- Open Parking
Property
- Property Sub Type: Single Family Residence
Roof
- Roof: “Shingle”
Schools
- High School: Wake – Middle Creek
- Middle Or Junior School: Wake – North Garner
- Elementary School: Wake – Smith
Sewer
- Sewer: “Public Sewer”
Taxes
- Tax Annual Amount: 1565
Utilities
- Utilities: “Cable Available”, “Electricity Connected”, “Natural Gas Available”, “Sewer Connected”, “Water Connected”
- Water Source: “Public”