Discounted Wholesale HousesDiscounted Wholesale Houses
This 2.33-acre parcel, zoned RA, allows for the development of up to 18 homes.
Less than 5 miles to Downtown Raleigh, Right by Wake-Med Raleigh, off New Bern Ave!
With an average home price of $515,000, the potential worth to an end developer is approximately $9.5 million.
The land cost is calculated at $2,708,388.74 based on $26.685 per square foot.
Townhome community across the street, there's significant potential to build townhomes on this property, greatly increasing its value even more. Also town homes to the North of the property as well.
Currently, the property includes 5 detached homes (2 rented MTM) and a 6th vacant lot ready to build.
VALUE IS IN THE LAND TO BUILD MULTI FAMILY OR TOWNHOMES
The property is being sold "as is" with no appraisal contingency.
