$326,500
●
House -
Off Market
4500 Castlebar Drive
Raleigh, NC 27604
3 Beds
1 Bath,
1
Half Bath
1,404 Ft²
$1,856
Est. Monthly
6.35%
Cap Rate
About This Property
Nestled on a desirable corner lot in a quiet Northeast Raleigh
neighborhood, this charming one-story brick home offers both curb
appeal and privacy. This property sits on about 0.31 acres,
providing a spacious setting for both indoor and outdoor living,
while a large detached workshop provides a versatile space ideal
for projects, storage, or creative hobbies This beautifully updated
home features new LVP flooring, as well as carpeting creating a
clean and cohesive look. Every room is outfitted with ceiling fans
and updated light fixtures, enhancing both comfort and style. The
entire interior has been freshly painted, and all interior and
exterior doors have been updated with new hardware. For added
security and convenience, all exterior doors have been replaced and
keyed alike, and every window in the home has been replaced to
improve energy efficiency.
Additional thoughtful touches include 2-inch faux wood blinds throughout the home, pre-installed curtain rods, and comfort-height toilets in both bathrooms. A new hot water heater ensures reliable performance and piece of mind.
Additional thoughtful touches include 2-inch faux wood blinds throughout the home, pre-installed curtain rods, and comfort-height toilets in both bathrooms. A new hot water heater ensures reliable performance and piece of mind.
Unit Size
1,404 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$235
Property Type
House
Property Taxes
$235
HOA Dues
-
Year Built
1971
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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 #10119758)
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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ft²
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About Northeast Raleigh
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Listed by: Ida Terbet, Coldwell Banker HPW
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10119758
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10119758
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