tomo logo

$2,500,000

Beds
3
Baths
2.0
sq ft
729

516 Rush Street, Raleigh, NC 27610

516 Rush Street

Raleigh, NC 27610

  • 89 days on market
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.

Details

Property type

Single Family Residence

Lot size

0.49 acres

Price per sq ft

$3,430

Year built

1952

Annual property taxes

$1,565

Price History

08/15/2024
TriangleMLS

TriangleMLS #10047058

Listed
$2,500,000

Schools & Community

Neighborhood: 

Southwest Raleigh

Elementary school: 

Wake - Smith

Middle school: 

Wake - North Garner

High school: 

Wake - Middle Creek

Similar Homes Nearby

TriangleMLS
$2,500,000
10 bd
|
10 ba
|
3,360 sq ft
|

2808 Marion Road, Raleigh, NC 27610

Status: Active

Tomo last checked: 11/12/2024 at 2:55 PM

Listing updated: 09/23/2024 at 8:50 AM

Listed by: Marianne Mansour, Compass -- Raleigh Phone #: (919) 726-6548

MLS: TriangleMLS #10047058

TriangleMLS logo

Recently listed in Raleigh