2614 Cartier Dr

Beds
Baths
3,120 Sq. Ft.
$226 / Sq. Ft.
3,120
Sq. Ft.
$226
per Sq. Ft.

Description

-3,356 square foot building, four units -Completely renovated in 2009 -Historically high occupancy -Premier location in the heart of Raleigh -Quality construction and inherent land value -Two luxury homes being constructed next door -Opportunity to raise rents -Asking $725,000, CAP rate: 5.37% (current), 7% (pro forma) Located immediately behind Glenwood Village Shopping center near the corner of Oberlin Road and Glenwood Avenue. Call listing broker for details.-3,356 square foot building, four units -Completely renovated in 2009 -Historically high occupancy -Premier location in the heart of Raleigh -Quality construction and inherent land value -Two luxury homes being constructed next door -Opportunity to raise rents -Asking $725,000, CAP rate: 5.37% (current), 7% (pro forma) Located immediately behind Glenwood Village Shopping center near the corner of Oberlin Road and Glenwood Avenue. Call listing broker for details.
  1. Listed by Michael S Wright • Atlantic Real Estate Advisors

Property Details for 2614 Cartier Drive

Subdivision
1612 Oberlin
LISTING CLOSED: 03/20/2015 12:00 AM

Property Details for 2614 Cartier Drive

StatusClosed
MLS #1983320
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1952
Lot Size0.42 AC / 18,295 SF
CountyWake County

Location

Listing Courtesy of Atlantic Real Estate Advisors

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Building Information for 2614 Cartier Drive

Stories-Residences4Year Built1952Building Size-Lot Size0.42 AC / 18,295 SF

Payment Calculator

$3,513 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,513

Property Taxes

$0

HOA Dues

$0

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Property Information for 2614 Cartier Drive

Summary
Location and General Information
  • Directions: Located in the heart of the city near the corner of Oberlin Road and Glenwood Avenue, the subject property is located immediately behind Glenwood Village Shopping Center, minutes from the Beltline, downtown Raleigh, and Cameron Village.
  • Subdivision Name: 1612 Oberlin
  • Latitude: 35.814796
  • Longitude: -78.660294
Taxes and HOA Information
  • Tax Lot: 1705017625
School Information
  • Elementary School: Wake - Root
  • Middle Or Junior School: Wake - Oberlin
  • High School: Wake - Broughton
Parking
  • Parking Features: 1 space/Unit
  • Carport: No
  • Garage: No
Property
Lot Information
  • Farm Land Area Units: Square Feet
Property and Assessments
  • New Construction: No
  • Photos Count: 12
  • Property Attached: Yes
  • Below Grade Finished Area Units: Square Feet
Utilities
  • Sewer: City Sewer
  • Water Source: City Water
  • Water_Sewer: City Water, City Sewer
Interior and Exterior Features
Exterior Features
  • Construction Materials: All Brick
  • New Construction Type: All Brick
Interior Features
  • Levels: Unit 1/1 Sty, Unit 2/1Sty, Unit 3/1 Sty, Unit 4/1Sty
  • Basement Description: Crawl Space
  • Fireplace Y N: No
  • Flooring: Hardwood
  • Cooling: Central Air
  • Cooling?: Yes
  • Heating: Electric
  • Heating?: Yes
  • Interior Features: 1 Bath
  • Interior: 1 space/Unit, All Brick
  • Equipment: 1 space/Unit
Multi Family
Unit Information
  • Total Units: 4
Agent
Sale and Listing
  • Property Class Name: MultiFamily

Property History for 2614 Cartier Drive

DateEvent & SourcePriceAppreciation
Mar 20, 2015

Sold

TRIANGLEMLS #1983320

$705,000
Mar 20, 2015

Sold

TRIANGLEMLS #1983320

$705,000
Mar 20, 2015

Pending

TRIANGLEMLS #1983320

DateEvent & SourcePrice
03/20/2015

Sold

TRIANGLEMLS #1983320

$705,000
03/20/2015

Sold

TRIANGLEMLS #1983320

$705,000
03/20/2015

Pending

TRIANGLEMLS #1983320

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

Public Records for 2614 Cartier Drive

Taxable ValueLand-Additions-Total-
Home Facts
Total Finished SqFt3,536 SqFtAbove Grade Finished SqFt3,536 SqFtStories2Lot Size18,295 SqFtStyleQuadraplexYear Built1951Year Renovated1970ZoningR-10CountyWAKEAPN1705.17-01-7625 0033539

Schools near 2614 Cartier Drive

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 13
Rating
School
Distance
Lacy Elementary
PublicPK to 5

Oberlin Middle School
Public6 to 8

Needham Broughton High
Public9 to 12

Wake Young Women's Leadership Academy
Public6 to 13

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Atlantic Real Estate Advisors

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