850 Athens Drive
Description of 850 Athens Drive, Raleigh, NC 27606
Rare opportunity for a classic brick 3-unit apartment building near downtown Raleigh and NC State University. Located on a 0.55 acre lot zoned R6. The building features two 3 bedroom, 1 bath units and one 2 bedroom, 1 bath unit. The 2 bed unit is currently empty to allow for showings with an asking price of $1200/month. Left unit (850) rents for $1350 & expires 1/31/2027. Right unit (854) rents for $1260 & expires 8/31/2026. Upside for the new owner includes possible redevelopment, light renovation of existing units to increase rent, and building an ADU, pending city approval and land use requirements. Or new investors have a chance to live in the empty unit while building equity. Regardless of your strategy don't miss out on the chance to stake your claim to Raleigh's ever-growing real estate market!
Property Details
- MLS #10168019
- Price$639K
- StatusActive
- Square Footage2,727
- Bedrooms8
- Bathrooms3
- Acres0.55
- Year Built1965
- Property TypeResidential
- Property Sub TypeTriplex
- Days on Site1
- CountyWake
- SubdivisionNot in a Subdivision
- CityRaleigh
- StateNC
- ZIP Code27606
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Location of 850 Athens Drive, Raleigh, NC 27606
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