About The Property

An exceptional, low-maintenance investment opportunity to acquire a prime commercial retail condominium in Raleigh's highly trafficked Millbrook Lake Center. Offered at $785,000, this property features an established, long-term laundromat tenant generating immediate, reliable cash flow. Because the tenant owns the equipment and handles operational costs, this asset offers an investor a true hands-off passive stream of income. Financial & Investment Highlights Immediate Cash Flow: Generates a steady, predictable income of $5,000 per month ($60,000 annually) from day one. Strong Yield: Offering an attractive 7.64% gross capitalization yield at the current asking price. Absolute Passive Structure: The tenant owns 100% of the commercial laundromat equipment. Under the currentRead MoreRead Less
Courtesy of D-3 Realty Group, Leon Wright, 919-672-3196.
Listing Snapshot
Days Online
2
Last Updated
Property Type
Retail
Square Ft.
2,420
Year Built
1987
MLS Number
10174433
Koren Bowman
REALTOR
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Additional Details

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Property Access
Road Frontage Type: "4 Lane Road", Road Surface Type: "Asphalt", "Paved"
Building
Building Area Total: 2420, Building Area Units: Square Feet, Building Features: "Coin Operated Washer/Dryer", Construction Materials: "Brick Veneer", Living Area Units: Square Feet, Living Area: 2420, Year Built: 1987
Cooling
Cooling: "Ceiling Fan(s)", "Central Air", Cooling Included
Foundation
Foundation Details: "Slab"
Heating
Heating: "Forced Air", Heating Included
Laundry
Features: "In Unit"
Property
Property Sub Type: Retail
Sewer
Sewer: "Public Sewer"
Taxes
Tax Annual Amount: 3861.91
Utilities
Utilities: "Cable Available", Water Source: "Public"
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Courtesy of D-3 Realty Group, Leon Wright, 919-672-3196.

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