4258 Louisburg RdRaleigh, NC 27604

Property Details for 4258 Louisburg Rd

Year built

1960

Lot size

1.78 AC

Property type

Investment properties

Description

This exceptional investment opportunity presents a 1.78-acre property located at 4258 Louisburg Road in Raleigh, NC, priced at $1,100,000. The property is zoned CX-3 (detailed zoning information available upon request) and boasts a strong rental history with a waiting list of prospective tenants. Currently generating a monthly rental income of $4,500, this six-unit property offers immediate cash flow. Each of the six units features a consistent floor plan, including two bedrooms and one full bathroom. The existing month-to-month leases provide flexibility for the new owner, with all current tenants expressing a desire to renew their leases. This presents a unique opportunity to secure long-term tenants while pursuing commercial development plans, leveraging the property's prime location and high demand. The property's proximity to the 540 highway provides excellent accessibility and further enhances its investment potential. This is an ideal opportunity for investors seeking immediate returns and long-term appreciation in a thriving Raleigh commercial area. Detailed financial records and zoning information are available for qualified buyers.

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.841

Longitude

-78.5769

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