$69,900
●
Land -
Off Market
1000 Phoenix Place
Raleigh, NC 27610
Studio
0 Bath
$124,055
RealtyHop Estimate
77.48%
Since Oct 1, 2015
National-US
Primary Model
About This Property
Great opportunity for land inside the beltline! Convenient
location! Walk to Lions Park & Shopping! Four lots combined for
2.50 acres. The land is in a floodplain.
Unit Size
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Days on Market
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Land Size
2.50 acres
Price per sqft
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Property Type
Land
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (TMLS #2027739)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 30, 2020 | Sold | ||
| Sold | |||
| Feb 1, 2019 | Listed by Rich Realty Group | $275,000 | |
| Listed by Rich Realty Group | |||
| | |||
|
4 LOTS!!! Phoenix Place is aptly named, resurrection is imminent, who will raise the Phoenix from it's ashes?? 2.5 wooded acres in Longview/Lockwood. Currently property is 4 lots, Zoning R-6. Phoenix Pl is a Cul-de-sac that connects at N. King Charles Road across from Holburn Ct. Build 4 secluded homes on deep lots in rapidly appreciating East Raleigh. Or attempt to subdivide the property for a larger yield. You won't find another opportunity like this in Raleigh!
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| Sep 25, 2015 | Sold | ||
| Sold | |||
| Aug 30, 2015 | Listed by EXP Realty LLC | $69,900 | |
| Listed by EXP Realty LLC | |||
| | |||
|
Great opportunity for land inside the beltline! Convenient location! Walk to Lions Park & Shopping! Four lots combined for 2.50 acres. The land is in a floodplain.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About East Raleigh
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Listed by: Sibyl Russ, Triangle Real Estate Experts
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2027739
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2027739
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