10912 Cahill Road
About This Property
The main floor offers hardwood floors throughout. There are two front rooms with glass doors leading to covered front porch, perfect for a dual office setup. One has a closet and access to a full bath and could also be used as a 5th sleeping area. A generous foyer leads to a 2 story living room with soaring ceilings and large windows for natural light. Also includes bult ins and a fireplace. The formal dining room has deep moldings and provides easy access to the kitchen. The kitchen was removed but offers a large space to customize and leads to scenic wooded views from the screened in porch and deck in rear of home.
4 large bedrooms and 3 full baths upstairs. The primary bedroom has access to a large second story balcony porch. Primary bathroom has soaking tub and standing shower.
The basement offers room to grow with 950sf unfinished space and 22x52 garage. Side patio and trellis.
This home needs repairs and updates and is best suited for a cash buyer, private lender or rehab loan. It offers a wonderful opportunity in a prime North Raleigh location for a buyer to renovate and make it their own! Home to be sold as is. Utilities will not be turned on for inspections. * Water is served by AQUA.
**To help visualize this home's floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing.**
NC Disclosure not required, survey not available, seller addenda comes after offer is negotiated. Home will be offered by online auction. AGENTS CAN BID FOR BUYERS. Do your DD before bidding online. Home must be on market 7 (seven) days before seller can negotiate offers. A minimum Earnest Money Deposit of 1% of the Purchase Price or $1,000, whichever is greater, is required. **Auction terms may vary and require a greater EMD**AGENTS PLEASE READ ALL PRIVATE REMARKS BEFORE CONTACTING LA.
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017