Property Map
Street View
Courtesy of Compass — Raleigh, Marianne Mansour.
Description
An exceptional development opportunity awaits! Three contiguous lots spanning over 1.5 acres are now available for sale, offering both immediate income and long-term growth potential. The offering includes a newly constructed 10-room / 10-bath duplex, set for completion in December 2024, with projected rental income exceeding $6,500 per month. The sale comprises three parcels: 512 Rush St. (Lot 7A), 2806 Marion Road (Lot 7B), and 2808 Marion Road (Land / Lot 8X). Developers can buy and hold, generating immediate rental income, or further capitalize on the potential by adding additional structures. For more details, refer to MLS#: 10047059 (516 Rush St.). Owner financing is available, making this a prime opportunity for investors.
Property Details and Features
Appliances & Equipment
- Appliances: “Electric Water Heater”, “Exhaust Fan”, “Free-Standing Electric Range”, “Refrigerator”
Bathrooms
- 10 full bathrooms
- 10 total bathrooms
- 10 total bathrooms
Bedrooms
- 10 bedrooms
Building
- Building Area Total: 3360
- Building Area Units: Square Feet
- Construction Materials: “Vinyl Siding”
- Living Area Units: Square Feet
- Living Area: 3360
- Year Built: 2024
- New Construction
Cooling
- Cooling: “ENERGY STAR Qualified Equipment”, “Heat Pump”
- Cooling Included
Floors
- Flooring: “Simulated Wood”, “Tile”, “Vinyl”
Foundation
- Foundation Details: “Concrete Perimeter”
Heating
- Heating: “Heat Pump”
- Heating Included
Listing
- Days On Market: 27
Location
- Subdivision Name: Home Acres
Lot
- Lot Size Acres: 1.18
- Lot Size Area: 1.18
- Lot Size Square Feet: 51400.8
- Lot Size Units: Acres
- Parcel Number: 7B
Parking
- Open Parking
Property
- Property Sub Type: Duplex
- Attached Property
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: 1693
Utilities
- Water Source: “Public”