The Campus Edge - Rental Property | 191 Chamberlain St
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The Campus Edge - Rental Property 191 Chamberlain St
4 Unit Dormitory $1,350,000 ($337,500/Unit) Raleigh, NC 27607
Investment Highlights
- Strong Lease Demand
- Located on highly sought after street near NCSU
- Great Setbacks for Redevelopment
Executive Summary
Prime Location: Situated just one block from NCSU, this property is ideally located on a highly sought-after college street, ensuring consistent demand from students and young professionals.
Strong Lease Demand: The property's proximity to campus and the Village District makes it an attractive rental opportunity with high income potential. Comparable rental units in the area achieve impressive rates per bed.
Income-Producing Asset: This 4-bedroom, 3.5-bathroom property boasts a potential rental income of approximately $5,000 per month, supported by a strong rental market and high occupancy rates in the surrounding area.
Redevelopment Potential: Zoned RX-3, the property offers flexible options for future development, including single-family, multi-family, or group living uses, providing an excellent long-term investment opportunity.
Premium Features: Includes a spacious 4-car garage, walk-in closets, and strong lease demand offering a competitive edge in the rental market.
Walkable Amenities: Within walking distance to Cameron Village and a variety of retail, dining, and entertainment options, ensuring convenience for tenants.
Attractive to Investors: With rising rental rates and demand for student housing, this property is a secure investment in a thriving market. We have the same zoning as the apartment complex across the street!
Seller Financing Available: Seller is willing to finance a portion of the sale for qualified buyers.
Strong Lease Demand: The property's proximity to campus and the Village District makes it an attractive rental opportunity with high income potential. Comparable rental units in the area achieve impressive rates per bed.
Income-Producing Asset: This 4-bedroom, 3.5-bathroom property boasts a potential rental income of approximately $5,000 per month, supported by a strong rental market and high occupancy rates in the surrounding area.
Redevelopment Potential: Zoned RX-3, the property offers flexible options for future development, including single-family, multi-family, or group living uses, providing an excellent long-term investment opportunity.
Premium Features: Includes a spacious 4-car garage, walk-in closets, and strong lease demand offering a competitive edge in the rental market.
Walkable Amenities: Within walking distance to Cameron Village and a variety of retail, dining, and entertainment options, ensuring convenience for tenants.
Attractive to Investors: With rising rental rates and demand for student housing, this property is a secure investment in a thriving market. We have the same zoning as the apartment complex across the street!
Seller Financing Available: Seller is willing to finance a portion of the sale for qualified buyers.
Property Facts
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Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (81)
zoning
| Zoning Code | RX-3 (Mixed residential district with favorable setbacks. Multi Unit, Dorm/Frat, & Group Living allowed. Same zoning as the "Logan" Apartments across the st) |
| RX-3 (Mixed residential district with favorable setbacks. Multi Unit, Dorm/Frat, & Group Living allowed. Same zoning as the "Logan" Apartments across the st) |
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The Campus Edge - Rental Property | 191 Chamberlain St
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