Raleigh, NC 27610,516 Rush Street
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Raleigh, NC 27610,516 Rush Street
Raleigh, NC 27610,516 Rush Street
Raleigh, NC 27610,516 Rush Street
Raleigh, NC 27610,516 Rush Street
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Listed by Compass -- Raleigh
$ 2,500,000
Est. payment /mo
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Active

516 Rush Street Raleigh, NC 27610

3 Beds

2 Baths

729 SqFt


UPDATED:

09/23/2024 05:40 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 729 sqft

Price per Sqft $3,429

Subdivision Home Acres

MLS Listing ID 10047058

Style Site Built

Bedrooms 3

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 729

Originating Board Triangle MLS

Year Built 1952

Annual Tax Amount $1,565

Lot Size 0.490 Acres

Acres 0.49

Property Description

Discover an exceptional investment opportunity with three contiguous lots on Rush and Marion Streets, offering both immediate income and significant growth potential. 516 Rush St. is a three-bedroom property currently operating as a weekly rental. Zoned RX-3, with potential for a 3-story building with some commercial use. Adjacent to it is a newly constructed 10-room, 10-bath duplex on Marion St., slated for completion in December 2024, with projected monthly income of $6,500.00 - $7,000.00. Together, the three parcels span approximately 1.67 acres. Located near the growing Garner and CrossLink Roads corridor and the popular Crosstowne Subdivision, this property is perfectly positioned for future appreciation. For more details, refer to MLS listing #10047059 / 2806 Marion. Owner financing is available.

Location

State NC

County Wake

Direction Take 440 E to US-64W. Take Exit toward Hammond Road. Left on Hammond Road. Left onto Rush St. Destination is on the corner.

Interior

Heating Electric, Forced Air

Cooling Heat Pump

Flooring Hardwood, Linoleum

Exterior

Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected

View Y/N Yes

Roof Type Shingle

Street Surface Asphalt

Garage No

Private Pool No

Building

Lot Description Corner Lot

Faces Take 440 E to US-64W. Take Exit toward Hammond Road. Left on Hammond Road. Left onto Rush St. Destination is on the corner.

Story 1

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories 1

Structure Type Concrete

New Construction No

Schools

Elementary Schools Wake - Smith

Middle Schools Wake - North Garner

High Schools Wake - Middle Creek

Others

Tax ID 1702940701

Special Listing Condition Standard


Doorify MLS / Triangle MLS

The Overman Group

+1(336) 932-2392

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516 Rush Street