$824,950
Updated Quadruplex in Prime Raleigh Location with Strong Cash Flow Potential Outstanding investment opportunity in the heart of Raleigh. This well maintained quadruplex sits on a desirable corner lot at Kilcullen and Hoyle Dr., offering excellent access to major employers, shopping, parks, and transit corridors. Its central location supports consistent tenant demand and long term stability. All units have been thoughtfully updated or remodeled, providing a clean and modern living experience. Recent improvements include new windows throughout the building within the last five years, boosting energy efficiency and reducing long term operating costs. Ground level of each unit features durable LVP flooring, ideal for high traffic rental use. In addition each unit has 2 assigned off street parking spaces. Each unit offers a highly functional layout with two bedrooms, each with its own private bathroom area with toilet and sink. The bedrooms share a Jack and Jill shower/tub, a layout that maximizes privacy while keeping maintenance simple--an appealing feature for renters and a cost efficient setup for owners. Units A and D have just been rented at market rates, and both vacant units have been remodeled with new floor, paint, appliances and cabinets offering flexibility for an owner occupant or the ability to place a new tenant at market rent, enhancing immediate cash flow potential. The remaining units are tenant occupied; however, Unit B will be vacating shortly, and the unit will be updated with new carpet and paint. Kitchen and baths have already been remodeled. Tenants pay their own utilities, including garbage service, which helps keep operating expenses predictable and favorable for the owner. Location Benefits: This property is positioned in a high demand area of Raleigh, close to major employment hubs, universities, medical centers, and retail corridors. Raleigh's strong population growth and rental demand contribute to stable occupancy and competitive rents. The corner lot placement also provides easy access and visibility, adding long term value for both renters and investors. With its updates, efficient layout, tenant paid utilities, and prime location, this property is a compelling addition to any rental portfolio--designed for durability, consistent occupancy, and strong income performance. Listing agent will be selling three additional units in the area. All units are in similar condition to 4632 Kilcullen and will be listed after 4632 Sells. Owners will consider selling all properties together.
8
Beds
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8
Baths
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10163045
MLS
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ACTIVE
Status
4632 Kilcullen Dr, Raleigh
