2409 Stafford Avenue, Raleigh, NC 27607

$850,000 Asking Price

4 beds
2 baths
1,848  sqft
Built in 1942

Stabilized, picturesque 4 bedroom, 2 bath rental property in Village District ready for short term and long term investment. Renovated bathrooms, hardwood floors, updated kitchen, washer/dryer, new sump pump, 2018 roof, detached garage with roughed-in 220 electrical allows the potential to expand. 24 month leases in place, each bedroom has its own lease. Tenants pay all utilities except pest and landscaping. Financials and copies of lease are available upon request. Great opportunity for passive income while reducing cost basis over next 24 months.

Features & Amenities

Interior

General:
Bathtub/Shower Combination, Built-in Features, Entrance Foyer, High Speed Internet, Kitchen/Dining Room Combination, Living/Dining Room Combination, Master Downstairs, Storage, Walk-In Closet(s)
Appliances:
Dishwasher, Electric Range, Exhaust Fan, Ice Maker, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer Stacked
Laundry:
In Kitchen, Main Level
Basement:
Concrete, Crawl Space, Dirt Floor, Exterior Entry, Partial, Storage Space, Sump Pump, Unfinished, Unheated, Walk-Out Access
Flooring:
Carpet, Vinyl, Tile, Wood
A/C:
true, Central Air
Heating:
true, Central
Fireplace:
Living Room, Fireplace, Fireplaces: 1
Disability Feature:
Fireplace Screen

Exterior

General:
Fenced Yard, Lighting, Private Yard, Rain Gutters, Storage, Garage(s), Outbuilding, Shed(s), Storage, Workshop
Style:
Arts & Crafts, Transitional
Parking:
Detached, Driveway, Garage, Gravel, On Site, On Street, Unassigned

Construction

Roofing:
Shingle
General:
Aluminum Siding, Wood Siding, 2, Brick/Mortar

Location

Road/Access:
City Street
HOA Amenities:
None
Originating MLS:
Triangle MLS
County:
Wake

Lot

Zoning:
0794920629

Utilities

Utilities:
Cable Available, Electricity Connected, Sewer Connected, Water Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
Triangle MLS

This listing courtesy of:
DAVIS REALTY AND DEVELOPMENT C, Ben Davis

About Raleigh, NC

Housing

Number of Units
248,854
Median Home Value
$321,574
Median Rent
$1,051

44.34% of housing units are renter occupied.

5.49% are vacant.

Commute

Car
56.80%
Public Transportation
1.18%
Walk to Work
0.97%
Work from Home
40.19%
Other
0.65%

The median travel time to work is 16 minutes.

People

Population
563,472
Median Age
36.70
Median Household Size
2.62

Education

High School
15.13%
Associate’s Degree
7.48%
Bachelor’s Degree
33.41%
Graduate Degree
19.76%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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