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360 Wilmot Drive

Raleigh, NC 27606

5 beds
3 baths
2,016 sqft
~1/2 acre lot
$260 per sqft
1956 build
– on site

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Fantastic investment opportunity in highly sought after Fairview Acres in close proximity to NC State. Cash flowing, stabilized property with leases in place through 6/30/2026. Single lease in effect - Not individual. 7/1/24 - 6/30/25 Lease at $4,000/month. 7/1/25 - 6/30/26 Lease at $4,450/month. Gorgeous open floorplan with finishes that are rarely seen at this price point. Fully updated kitchen with Samsung appliances, new cabinets, granite countertops, eat-in kitchen bar with waterfall edge. New bathroom upgrades include double vanity cabinets, walk-in shower, tiled floor/shower, and anti-fog backlit mirrors. Additional improvements include New Roof, refinished hardwood floors, new driveway and privacy fencing. Finished daylight basement, with separate entrance from main house, offers additional flex space and laundry room. Property is located on a spacious 0.47 acre lot within the Raleigh Frequent Transit area. Please refer to City of Raleigh UDO for guidelines, but potential to increase revenue by adding ADUs. Covered carport with Storage. Detached shed on property offers additional storage, but is not in habitable condition. Appliances and Washer/Dryer convey. This investment property is As-Is and ready to go! Buyers & Buyers Agents, please reach out to Listing Agent for all property disclosures, financials, and full list of upgrades.

Listing courtesy of DMLS / DAVIS REALTY AND DEVELOPMENT C

Last checked: Checking… • Last updated Feb 20, 2025 •

MLS# 10068320 —

The Building

Year Built:

1956
New Construction:

false
Construction Materials:

Brick
Architectural Style:

Ranch
Structure Type:

House
Roof:

Shingle
Foundation Details:

Brick/Mortar
Stories:

1
Levels:

One and One Half
Basement:

true
Basement:

Crawl Space
Window Features:

Screens
Patio And Porch Features:

Deck
Building Area Total:

2016
Building Area Units:

Square Feet
# of Units Total:

1
Above Grade Finished Area:

1587
Above Grade Finished Area Units:

Square Feet
Below Grade Finished Area:

429
Below Grade Finished Area Units:

Square Feet

Interior

Interior Features:

Bathtub/Shower Combination
Flooring:

Hardwood
Fireplace:

false
Laundry Features:

In Basement

Room Dimensions

Living Area:

2016
Living Area Units:

Square Feet
Living Area Source:

Appraiser

Financial & Terms

Lease Term:

12 Months

Location

Directions:

From Western Blvd. turn onto Jones Franklin Rd. Right onto Vann St. Left onto Wilmot Dr. Home will be on right.
Latitude:

35.776711
Longitude:

-78.728562
Coordinates:

-78.728562, 35.776711

The Property

Property Type:

Residential Income
Property Subtype:

Single Family Residence
Zoning:

R-4
Parcel Number:

0783075703
Lot Size Acres:

0.47
Lot Size Area:

20473.2
Lot Size SqFt:

20473.2
Lot Size Units:

Square Feet
Exterior Features:

Rain Gutters
Other Structures:

Outbuilding
Road Frontage Type:

City Street
Road Surface Type:

Asphalt
Fencing:

Partial
View:

true
View:

Neighborhood
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

2949.73

Beds

Bedrooms Total:

5

Baths

Total Baths:

2.5
Total Baths:

2.5
Total Baths:

3
Full Baths:

2
Half Baths:

1

The Listing

Special Listing Conditions:

Standard

Heating & Cooling

Heating:

Forced Air
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Electricity Connected
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Dishwasher

Schools

Elementary School:

Wake - Farmington Woods
Middle Or Junior School:

Wake - Martin
High School:

Wake - Athens Dr

The Community

Subdivision Name:

Fairview Acres
Association:

false
Spa:

false
Pool Private:

false
Senior Community:

false

Parking

Garage:

false
Attached Garage:

true
Carport:

true
Carport Spaces:

1
Parking Features:

Attached
Open Parking:

true
Open Parking Spaces:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/11/25 Feb 11, 2025	Sold	DMLS	$525,000	-1.9%
1/7/25 Jan 7, 2025	Pending	DMLS	$535,000
12/26/24 Dec 26, 2024	Listed / Active	DMLS	$535,000	66.4% (57.7% / YR)

Multifamily Sold on 2/11/2025

$525,000

Listing provided by broker:

Ben Davis

DAVIS REALTY AND DEVELOPMENT C

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Listing Courtesy of: DMLS and DAVIS REALTY AND DEVELOPMENT C.

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.

360 Wilmot Drive

Raleigh, NC 27606