Live minutes from downtown Raleigh in a striking, nearly new home
positioned near one of the city's most anticipated growth
corridors. Built in 2022 and immaculately maintained, this
contemporary two-story home offers distinctive cantilevered covered
parking and a bright, open floor plan designed for relaxed living
and easy entertaining. Large casement-style windows bring in
abundant natural light, enhancing the home's fresh, airy
atmosphere. The eat-in kitchen features quartz countertops,
stainless-steel appliances, tiled backsplash, a micro-vent hood and
convenient pantry. Recessed lighting, durable LVP flooring and
tiled bathrooms complete the clean, modern interior. The
location offers even more to look forward to. Kane Realty's
Downtown South development is moving forward nearby, with plans for
a vibrant mixed-use district featuring residences, restaurants,
retail, offices, entertainment venues, green space and greenway
connections. This home places its next owner close to the energy of
downtown Raleigh while offering the opportunity to enjoy the
continued evolution of the city's southern gateway. After
exploring nearby parks, greenways, restaurants and entertainment,
return home to unwind on the private backyard patio. The fully
fenced yard provides an inviting space for cookouts, pets or
evenings under the stars. Move-in ready and exceptionally
versatile, this property is an appealing choice for a primary
residence, long-term investment or Airbnb opportunity-with modern
style, outdoor space and proximity to Raleigh's next chapter.
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.
Great Cul-de-Sac Lot on a small street. Investor's delight! Get in on this great area near downtown Raleigh living. Many projects coming up in the area. Lot has been fully surveyed. Don't miss out!
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