For Sale
$1,899,900

2911 Boone TrlRaleigh, NC 27610

16-Unit Apartment Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 16-unit multifamily property ideally situated at 2911 Boone Trail, Raleigh, NC 27610. The property, built in 2008, encompasses a 7,444 square foot building on a substantial 20,038 square foot lot. Currently configured as an apartment building, it also functions effectively as a single-family rental portfolio and is suitable for student housing. The property boasts 16 bedrooms across its units, offering a strong rental income potential. With a total asking price of $1,899,900, the price per unit comes to $118,743.75. The property features 15 parking spaces, providing ample parking for residents. Zoned R-10 and classified as Class C, this two-story building presents a compelling investment opportunity in a high-demand area. The surrounding 1-mile radius boasts a population of 6,975 and a median household income of $51,402, indicating a strong tenant pool and promising rental market. This property offers a solid foundation for immediate income generation and future appreciation, making it an attractive addition to any investment portfolio. The property's location in Raleigh, NC, provides access to a thriving local economy and a growing population, further enhancing its long-term investment prospects. This is a rare opportunity to acquire a well-maintained multifamily property in a desirable location at a competitive price.

Highlights

  • $1,899,900 asking price for a 16-unit multifamily property.
  • Located at 2911 Boone Trail, Raleigh, NC 27610.
  • 16 units, 16 beds, Class C construction.
  • 7,444 square foot building on a 20,038 square foot lot.
  • R-10 zoning.
  • 15 parking spaces.

Property Details for 2911 Boone Trl

Property type
Residential income homes, Dormitories
Class
C
Units
16

Location Insight

City
Raleigh
County
Wake
State
North Carolina
Latitude
35.7403017
Longitude
-78.6336086
2911 Boone Trl, Raleigh, North Carolina

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2911 Boone Trl
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message