$297,500
●
House -
Off Market
118 Clarendon Crescent
Raleigh, NC 27610
3 Beds
2 Baths
1,294 Ft²
$1,657
Est. Monthly
6.90%
Cap Rate
About This Property
Attention Investors! Located close to Downtown, this charming
midcentury home sits on a spacious 0.65 acre and features 3
bedrooms, 2 bathrooms and over 1,200 square feet! Inside, you'll
find this property is full of character- boasting beautiful
hardwood floors throughout and exposed brick elements that give it
a unique and rustic feel. The living room's centerpiece is a lovely
brick fireplace mantel, adding warmth and style to the space.
Mature trees encircle the home, providing shade and privacy, and a
screened-in porch is the perfect place to enjoy the outdoor views!
Plus, a bonus storage space, a 2-car carport, and a storage shed.
The property is located just minutes from Downtown Raleigh.
This central location ensures easy access to schools, restaurants,
and shopping! With some renovation and creative touches, this can
be transformed into a stylish and valuable home.
Unit Size
1,294 Ft²
Days on Market
-
Land Size
0.65 acres
Price per sqft
$223
Property Type
House
Property Taxes
$238
HOA Dues
-
Year Built
1955
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Cap Rate
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 #2523611)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 13, 2023 | Sold | ||
| Sold | |||
| Jul 26, 2023 | Listed by Liz Brown Residential | $289,000 | |
| Listed by Liz Brown Residential | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Type
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Baths
ft²
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Sold On
HOA + Taxes
About East Raleigh
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Listed by: Liz G Brown, Liz Brown Residential
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2523611
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2523611
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