Property Description

Updated Quadruplex in Prime Raleigh Location with Strong Cash Flow 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 key transit corridors. Its central location supports consistent tenant demand and long term stability. All units have been thoughtfully updated or remodeled, creating a clean, modern living experience. Recent improvements include new windows throughout the building within the last five years, enhancing energy efficiency and reducing long term operating costs. The ground level of each unit features durable LVP flooring, ideal for high traffic rental use. Each unit also includes two assigned off street parking spaces, a valuable amenity in this area. Each unit offers a highly functional two bedroom layout, with private bathroom areas (toilet + sink) for each bedroom and a shared Jack and Jill shower/tub. This configuration maximizes privacy for tenants while keeping maintenance simple and cost efficient for owners. Unit B is currently vacant and easy to show. This unit, like the others has been thoughtfully updated and shows very well. It will most likely be re-rented before the next buyer closes the transaction. The asking rent for this unit is $1,500 per month. Once rented the total rents for this property will be $5,870 per month. Tenants pay their own utilities, including garbage service, keeping operating expenses predictable and favorable for the owner. Location Benefits: Positioned in a high demand Raleigh submarket, this property offers quick access 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 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 quadruplex is a compelling addition to any rental portfolio-designed for durability, consistent occupancy, and strong income performance.

Property Features