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$1,350,000

Beds
4
Baths
3.5
sq ft
3,120

191 Chamberlain Street, Raleigh, NC 27607

191 Chamberlain Street

Raleigh, NC 27607

  • 1 day on market
Prime Income-Producing Opportunity Across from NCSU! Welcome to 191 Chamberlain St., Raleigh, NC, a high-demand, income-generating property just steps away from NC State University and the vibrant Hillsborough Street corridor. This 4-bedroom, 3.5-bath home with a 4-car garage and walk-in closets offers both comfort and convenience, making it an ideal rental for students and professionals alike. Income Potential: Generate approximately $5,000 per month in rental income, with strong lease demand in this unbeatable location. The Appeal: Proximity: Just 1 block from NCSU, a short walk to the Village District, Cameron Village, and countless amenities. Versatility: Zoned RX-3, allowing for single-unit, multi-unit, or group living, with future redevelopment potential. Convenience: Spacious 3,120 SF layout on a 0.17-acre lot with modern amenities and plenty of parking. Zoning and Redevelopment Potential: The RX-3 zoning opens up a range of possibilities, including multi-unit housing, dormitories, or future redevelopment projects with favorable setbacks. This is an excellent opportunity for residential investors seeking high-yield properties in a prime location. Don't miss the chance to invest in one of Raleigh's most sought-after rental neighborhoods!

Details

Property type

Apartment

Est. home value

$803,753

Lot size

7,405.2 sq ft

Price per sq ft

$433

Year built

1919

Annual property taxes

$5,485.86

Price History

12/20/2024
TriangleMLS

TriangleMLS #10067979

Listed
$1,350,000

Schools & Community

Neighborhood: 

Wade

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park, Restaurant, Sidewalks, Street Lights

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Branch Banking And Trust Co

Loan start date

April 2017

Original loan amount

$250,000

Est. remaining balance

Not provided

Interest rate

3.23%

Loan type

Credit Line (Revolving)

Seller

Niall A Hanley

Lender

Branch Banking And Trust Co

Loan start date

May 2014

Original loan amount

$350,000

Est. remaining balance

Not provided

Interest rate

4.41%

Loan type

New Conventional

Seller

Niall A Hanley

Lender

Wachovia Bank Na

Loan start date

March 2008

Original loan amount

$19,249

Est. remaining balance

Not provided

Interest rate

5.68%

Loan type

Credit Line (Revolving), 30 year

Seller

Niall A Hanley

Lender

Wachovia Bank Na

Loan start date

May 2007

Original loan amount

$105,000

Est. remaining balance

Not provided

Interest rate

6.22%

Loan type

Credit Line (Revolving), 30 year

Seller

Niall A Hanley

Lender

Wachovia Bank Na

Loan start date

September 2004

Original loan amount

$19,500

Est. remaining balance

Not provided

Interest rate

4.5%

Loan type

Credit Line (Revolving), 40 year

Seller

Niall Hanley

Lender

Wachovia Bank Na

Loan start date

June 2004

Original loan amount

$270,410

Est. remaining balance

$144,581

Interest rate

6.34%

Loan type

Not Provided, 30 year

Seller

Niall Hanley

Lender

Wachovia Bank National Assn

Loan start date

October 2002

Original loan amount

$160,000

Est. remaining balance

Not provided

Interest rate

4.75%

Loan type

Credit Line (Revolving), 40 year

Seller

Niall A Hanley

Lender

Fm Lending Services Inc

Loan start date

October 2001

Original loan amount

$130,500

Est. remaining balance

$56,561

Interest rate

6.89%

Loan type

Not Provided, 30 year

Seller

Niall A Hanley

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/21/2024 at 9:55 PM

Listing updated: 12/20/2024 at 1:58 PM

Listed by: Nash W Patton, Shelton Properties by KW Phone #: (864) 574-6000

MLS: TriangleMLS #10067979

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