516 Rush Street
Raleigh, NC 27610
- 3 beds
- 2 baths
- 729 sqft
- ~1/2 acre lot
- $3,429 per sqft
- 1952 build
- – on site
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.
Last checked:
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Checking…
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Last updated Nov 23, 2024
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MLS# 10047058 —
The Building
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Year Built:1952
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New Construction:false
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Construction Materials:Concrete
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Architectural Style:Bungalow
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Structure Type:Site Built
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Roof:Shingle
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Stories:1
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Levels:One
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Basement:false
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Foundation Details:Block
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Building Area Total:729
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Building Area Units:Square Feet
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Above Grade Finished Area:729
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Above Grade Finished Area Units:Square Feet
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Below Grade Finished Area Units:Square Feet
Interior
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Flooring:Hardwood
Room Dimensions
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Living Area:729
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Living Area Units:Square Feet
Location
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Directions:Take 440 E to US-64W. Take Exit toward Hammond Road. Left on Hammond Road. Left onto Rush St. Destination is on the corner.
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Latitude:35.740682
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Longitude:-78.632651
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Coordinates:-78.632651, 35.740682
The Property
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Parcel Number:1702940701
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Property Subtype:Single Family Residence
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Property Type:Residential
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Lot Features:Corner Lot
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Lot Size Acres:0.49
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Lot Size Area:21344.4
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Lot Size SqFt:21344.4
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Lot Size Units:Square Feet
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View:true
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Horse:false
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Road Surface Type:Asphalt
Listing Agent
- Contact info:
- Agent phone:
- (919) 696-7218
- Office phone:
- (919) 726-6548
Taxes
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Tax Annual Amount:1565
Beds
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Bedrooms Total:3
Baths
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Total Baths:2
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Total Baths:2
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Total Baths:2
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Full Baths:2
The Listing
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Special Listing Conditions:Standard
Heating & Cooling
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Heating:Electric
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Heating:true
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Cooling:Heat Pump
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Cooling:true
Utilities
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Utilities:Cable Available
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Wake - Smith
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Middle Or Junior School:Wake - North Garner
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High School:Wake - Middle Creek
The Community
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Subdivision Name:Home Acres
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Pool Private:false
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Parking Features:Additional Parking
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Open Parking:true
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Open Parking Spaces:4
Monthly cost estimate
Asking price
$2,500,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$13,386
|
| Taxes | $130 |
| Insurance | $687 |
| Utilities | $140 See report |
| Total | $14,343/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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8/15/24
Aug 15, 2024
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Listed / Active | DMLS | $2,500,000 |
