Sold
Last Sold Price
8 beds2,468 sqft
1600 Cross St, Raleigh, NC 27610
Multi FamilyProperty Type
0.22 acresLot Size
1959Year Built
$284/sq ftPrice per sq ft

Description

Great investment opportunity in this quadplex multifamily property! Recently updated all units which include new LVP flooring, windows, cabinets, granite countertops, paint & roof! Each unit has a fenced yard. Very close to downtown Raleigh and just minutes to WakeMed & I-440. Take advantage of this opportunity as the surrounding neighborhoods are going through redevelopment & improvement with a substantial amount of new construction in the area. 3 units are currently rented. Unit 1606 is vacant...Great investment opportunity in this quadplex multifamily property! Recently updated all units which include new LVP flooring, windows, cabinets, granite countertops, paint & roof! Each unit has a fenced yard. Very close to downtown Raleigh and just minutes to WakeMed & I-440. Take advantage of this opportunity as the surrounding neighborhoods are going through redevelopment & improvement with a substantial amount of new construction in the area. 3 units are currently rented. Unit 1606 is vacant and available to show. All units are 2BR, 1BA and all similar.
  • Listed by: Neil Rowerdink 919.255.3334 neil@dinkrealty.com Brokerage DRE #C26710 • DINK Realty
Listing closed: 12/06/2024 12:00 AM • Source: Doorify MLS (fka Triangle MLS), MLS#: 10058168

Location

Listing Courtesy of DINK Realty

Sold By Compass -- Raleigh

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Payment Calculator

$3,926 per month

30 year fixed, 6.71% Interest

Principal and Interest

$3,617

Property Taxes

$309

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1600 Cross Street

Property Details
  • Taxes: $3,706 / year
  • MLS Type: Residential Income / Quadruplex
  • County: Wake County
  • Subdivision: Lincoln Park
Building Information
  • Stories: 1
  • Residences: 4
  • Year Built: 1959
  • Lot Size: 0.22 AC / 9,583 SF
Summary
Location and General Information
  • Subdivision Name: Lincoln Park
  • Latitude: 35.778702
  • Longitude: -78.615247
Taxes and HOA Information
  • Tax Annual Amount: $3,706.26
  • City Limits Of: Raleigh
  • Has City Limits: Yes
  • Lot Number: 87&88
  • Has Restrictive Covenants: No
Contract Information
  • Lease Expiration Date: 2025-09-30
  • Original MLS: Triangle MLS Inc
  • Has Property Leased: Yes
  • Due Diligence Expiration Date: 2024-11-15
School Information
  • Elementary School: Wake - Hunter Elementary
  • Middle Or Junior School: Wake - Ligon Middle
  • High School: Wake - William G Enloe High
Parking
  • Open Parking: No
  • Parking Features: On Street
Property
Lot Information
  • Building Area Total: 2468.0
  • Total Other Area Sq Ft: 0.0
  • Number Of Buildings: 1
  • Parcel Number: 1713481516
  • Sold PriceList Price: 0.97
Property and Assessments
  • New Construction: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Concrete
  • Exterior Features: Fenced Yard
  • Fencing: Back Yard, Wood
  • Foundation Details: Slab
  • Roof: Shingle
  • New Construction Type: Concrete
Interior Features
  • Levels: One
  • Stories: 1
  • Flooring: Luxury Vinyl
  • Cooling: Wall/Window Unit(s)
  • Has Cooling: Yes
  • Heating: Natural Gas, Wall Furnace
  • Has Heating: Yes
  • Appliances: Built-In Electric Range, Refrigerator
Multi Family
Multi Family Information
  • Total Units: 4
Unit Information
Unit 1
  • Baths Total: 1.0
  • Actual Rent: $1,450.00
  • Beds Total: 2.0
  • Levels: One
  • Above Grade Finished Area: 617.0
  • Features: Kitchen, Living Room, Range, Refrigerator
Unit 2
  • Baths Total: 1.0
  • Actual Rent: $1,450.00
  • Beds Total: 2.0
  • Levels: One
  • Above Grade Finished Area: 617.0
  • Features: Kitchen, Living Room, Range, Refrigerator
Unit 3
  • Baths Total: 1.0
  • Actual Rent: $1,450.00
  • Beds Total: 2.0
  • Levels: One
  • Above Grade Finished Area: 617.0
  • Features: Kitchen, Living Room, Range, Refrigerator
Unit 4
  • Baths Total: 1.0
  • Actual Rent: $1,450.00
  • Beds Total: 2.0
  • Above Grade Finished Area: 617.0
  • Features: Kitchen, Living Room, Range, Refrigerator
Rental
Rental Information
  • Lease Term: 12 Months

Property History for 1600 Cross Street

DateEvent & SourcePriceAppreciation
Dec 6, 2024

Sold

Doorify MLS (fka Triangle MLS) #10058168

$700,000
Nov 14, 2024

Sold (Public Record)

Public Record #1546344749

$700,000

+33.5% / yr

Nov 1, 2024

Pending

Doorify MLS (fka Triangle MLS) #10058168

DateEvent & SourcePrice
12/06/2024

Sold

Doorify MLS (fka Triangle MLS) #10058168

$700,000
11/14/2024

Sold (Public Record)

Public Record #1546344749

$700,000

+33.5% / yr

11/01/2024

Pending

Doorify MLS (fka Triangle MLS) #10058168

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1600 Cross Street

Taxable ValueLand$160,000Additions$257,531Total$417,531
Tax Record2025$3,721 ($310 / month)
Home Facts
Total Finished SqFt2,470 SqFtAbove Grade Finished SqFt2,470 SqFtStories1Lot Size9,583 SqFtStyleMulti-Family Res (5+ Units)Year Built1959Year Renovated1990ZoningRX-4CountyWAKEAPN1713.06-48-1516 0006803

Schools near 1600 Cross Street

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Hunter Elementary School
PublicPK to 5

Ligon Middle
Public6 to 8

William G Enloe High
Public9 to 12

Longview School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of DINK Realty

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.