8127 Perry Creek Road new to site Save Request In-Person Tour Request Virtual Tour
Raleigh,NC 27616
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,232 sqft
Price per Sqft $263
Subdivision Berkshire Downs
MLS Listing ID 10125035
Style Duplex
Bedrooms 3
Full Baths 2
Half Baths 1
Year Built 1986
Annual Tax Amount $2,057
Lot Size 4,356 Sqft
Property Sub-Type Duplex
Property Description
Rare opportunity to own a North Raleigh duplex at 8125 (MLS #10125038) & 8127 (MLS #10125035) Perry Creek Rd, offered together at a total list price of $650,000 (~$325K per unit). Unit 8125 was remodeled in 2022 with updates including new roof, HVAC, plumbing, bathrooms, flooring, and kitchen upgrades. Unit 8127 features a new HVAC, new laminate flooring downstairs, new carpet upstairs and stairs, freshly painted kitchen cabinets, and fresh interior paint throughout. Both units are vacant and ready to rent, each projected at approximately $1,700/month ($3,400/month combined). At the $650K price, the property offers an estimated ~6.3% gross cap rate. Both properties are deeded separately but must be purchased together, making this ideal for investors seeking strong cash flow, a 1031 exchange, or buyers looking to live in one side while renting the other. No HOA, private yards, and a prime location near Capital Blvd and I-540. A fantastic addition to any portfolio!
Location
State NC
County Wake
Zoning R-6
Interior
Heating Electric,Heat Pump
Cooling Ceiling Fan(s),Central Air
Flooring Carpet,Laminate
Fireplaces Number 1
Fireplaces Type Family Room,Wood Burning
Laundry Inside,Laundry Room,Main Level
Exterior
Exterior Feature Fenced Yard,Private Yard,Rain Gutters,Storage
Fence Back Yard,Fenced,Wood
Pool None
Community Features None
Utilities Available Cable Available,Electricity Available,Phone Available,Sewer Connected,Water Connected
View Y/N Yes
View Other
Roof Type Shingle
Building
Lot Description Back Yard,Cleared,Front Yard
Building Description Brick,Frame,Vinyl Siding, Cable TV,High Speed Internet
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick,Frame,Vinyl Siding
New Construction No
Schools
Elementary Schools Wake - North Forest
Middle Schools Wake - Wake Forest
High Schools Wake - Wakefield
Others
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=w218s7yXQKM