$133,000
●
Condo -
Off Market
5820 Pointer Drive #102
Raleigh, NC 27609
2 Beds
2 Baths
1,134 Ft²
$155,616
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
INVESTOR's ALERT!! Incredible investment property
Renovated 2 bed / 2 bath townhouse conveniently located
between I540 and I440 in popular Sweetbriar Condominiums.
This unit is currently leased to excellent tenant who would
like to remain.
Unit Size
1,134 Ft²
Days on Market
-
Land Size
-
Price per sqft
$117
Property Type
Condo
Property Taxes
$66
HOA Dues
$195
Year Built
-
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Cap Rate Calculator
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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 #2379427)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 2, 2021 | Sold | ||
| Sold | |||
| Apr 22, 2021 | Listed by Massey Real Estate | $133,000 | |
| Listed by Massey Real Estate | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Parking Features: Parking Lot
Interior Details
Full Bathrooms: 2
Interior Features: Bookcases, Walk-In Closet(s), Bathtub/Shower Combination
Appliances: Dishwasher, Gas Range, Gas Water Heater, Refrigerator
Flooring Type: Carpet, Vinyl
Laundry Features: Laundry Closet, Main Level
Rooms: 4
Has Fireplace
Fireplace Features: Living Room, Wood Burning
Fireplaces: 1
Basement: Crawl Space
Exterior Details
Has Property Attached
Square Footage: 1134
Architectural Style: Contemporary
Year Built: 1985
Building Area Total: 1134
Levels: One
Building Area Units: Square Feet
Construction Materials: Engineered Wood
Patio and Porch Features: Deck
Lot Size Units: Square Feet
Water Source: Public
Financial Details
Tax Annual Amount: $794
Utilities Details
Cooling Type: Central Air
Heating Type: Hot Water, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Maintenance Structure, Trash, Storm Water Maintenance
HOA Fee: $195
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/10/2021
|
2 Bed
|
2 Bath
|
1100 ft²
|
$145,000
2 Bed
2 Bath
1100 ft²
|
$167,000
+15.17%
10/28/2021
|
Emily Massey
Massey Real Estate
| |
|
04/22/2021
|
2 Bed
|
2 Bath
|
1134 ft²
|
$133,000
2 Bed
2 Bath
1134 ft²
|
$133,000
06/02/2021
|
Emily Massey
Massey Real Estate
| |
|
02/19/2021
|
2 Bed
|
2 Bath
|
1100 ft²
|
$124,900
2 Bed
2 Bath
1100 ft²
|
$127,000
+1.68%
04/16/2021
|
Emily B Massey
Massey Real Estate
| |
|
04/23/2020
|
2 Bed
|
2 Bath
|
1100 ft²
|
$116,000
2 Bed
2 Bath
1100 ft²
|
$118,000
+1.72%
06/23/2020
|
Emily B Massey
Massey Real Estate
|
Building Info
About North Raleigh
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Listed by: Emily B Massey, Massey Real Estate
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2379427
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2379427
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