16 Red Lane Raleigh, NC $ 310,000
16 Red Lane
$ 310,000
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16 Red Lane

Raleigh, NC, 27606
$ 310,000
Bedrooms4 Baths4.1 Sq 1,536

Monthly Estimate*

$ 2,060

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Multi-Family Home for sale in Raleigh, NC

for $310,000 with 4 bedrooms and 4 full baths, 1 half bath. This 1,536 square foot home was built in 2002 on a lot size of 0.02.

This is a great rental property and has a great history for being rented over the last 20 years. The townhome is in good shape and has been well taken care of. Recently has had roof replaced. 24 hour notice is required. All units are rented until end of lease term which is 7/25/2024. Three of the units are paying $525/month and one is paying $549/month. The 4 new leases have been signed and start 8/14/2024 at $600/month and end 7/25/2025. Owner pays utilities except for internet.

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Multi-Family Pending

Price

$ 310,000

Bedrooms

4

Full Bath

4

Half Bath

1

Property Type

Multi-Family

Taxes

$ 1,875

Style

Transitional

Lot Size

0.02

Year Built

2002

Town/City

Raleigh

County/Region

Wake

MLS | Web ID

10029067

Features
General
Interior Features Bathtub/Shower Combination Eat-in Kitchen
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Available Electricity Available Water Available
Roof Asphalt
Appliances Dishwasher Electric Oven Electric Water Heater Refrigerator
Zoning NX-3
HOA 150
Association Fee Includes Maintenance Grounds
Patio/Porch Features None
Architectural Style Transitional
Pool Features None
Construction Materials Vinyl Siding
Year Built 2002
Stories 3
Levels Tri-Level
Property SubType Townhouse
Community Features None
Assoc Fee Paid Per Monthly
County Wake
New Construction N
Property Type Residential Income
Association Amenities Landscaping
HOA / Comm Assn Y
Attached Garage N
Subdivision Name Red Wolf Crossing
Garage Y/N N
Building Features Primary Walk-In Closet(s)
Status Pending
Directions Hillsborough Street towards Cary. Pass through the Hillsborough/Western intersection then cross over WEstern Blvd into Red Wolf Crossing. Take a right then take left onto Red Lane. Townhome is on t
High School Wake County Schools
City Raleigh
Buyer Agent Compensation 2.40
View Y/N N
Senior Community Y/N N
Total Units 1
Lot Size Square Feet 871.2
Waterfront Y/N N
Carport Y/N N
Street Name Red
Spa Features None
Elementary School Wake County Schools
Property Attached Y/N N
Tax Annual Amount 1875.18
Middle/Junior High School Wake County Schools
Ok to Lease 3 To 6 Months
Lease Considered Y/N N
Days on Market 9
Structure Type Townhouse
Building Area Units Square Feet
Standard Status Pending
Buyer Agent Compensation Type %
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Interior
Flooring Carpet Tile Vinyl
Common Walls No One Above
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1536
Full Baths 4
Half Baths 1
Street Suffix Lane
Laundry Features Laundry Closet
Total Bedrooms 4
Below Grade Finished Area 0
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 5
Living Area Units Square Feet
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Exterior
Fencing None
Parking Features Assigned Paved Permit Required
Water Source Public
Lot Size Area 871.2
Foundation Details Slab
Spa N
Building Area Total 1536
Lot Size Acres 0.02
Road Surface Type Asphalt
Lot Size Units Square Feet
Open Parking Y/N N
Horse Y/N N
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* Excluded Features
List By
Bo B Winn

Listing Agent

Trademark Residential

Broker

Affordability Calculator

$2,217
Per Month
93%
7%
0%
Monthly Principal & Interest
$2,060
Monthly Property Taxes
$156
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
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Nearby
3291102 Elementary School
3291101 Middle School
Wake County Schools High School High School
Pricing History
DatePricePrice ChangeDescription
5/13/2024$310,000 Listed Price

Map


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16 Red Lane, Raleigh, NC, 27606 is a Multi-Family Home for sale at $310,000 with 1,536 sqft and a lot size of 0.02. 16 Red Lane has 4 bedrooms, 4.1 baths, and was built in 2002. The property's zip code is 27606 which is in Raleigh, NC