About The Property

Garden Place is more than a rental property; it is a high-performance financial instrument. By combining a 2.17 DSCR with an irreplaceable NCSU location and guaranteed income through mid-2027, this asset provides the transparency and security that the 2026 market demands. In a volatile interest rate environment, Garden Place offers a safe harbor for investors seeking capital preservation without sacrificing yield. As a developer-built asset, every aspect of this portfolio has been engineered to maximize Debt Service Coverage and minimize operational risk. Steps from the NC State University Belltower, this property sits in the most supply-constrained student housing pocket in Raleigh. Its "walkable" status to the campus core ensures a permanent waitlist and zero-vacancy historic performance. The portfolio… Read MoreRead Less
Courtesy of Compass -- Raleigh, Johnny Chappell, 919-726-6548.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Duplex
Beds
10
Full Baths
10
Half Bath
1
Square Ft.
5,126
Lot Size
0.23 Acres
Year Built
2024
MLS Number
10202650
Koren Bowman
REALTOR
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Additional Details

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Property Access
Road Responsibility: Public Maintained Road
Appliances & Equipment
Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Freezer, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Washer/Dryer
Building
Built in 2024, Built in 2024 (effective), Living area: 5126.0, Levels: Two, Construction Materials: HardiPlank Type
Cooling
Central Air
Exterior Features
Patio/Porch Features: Deck, Porch
Floors
Luxury Vinyl
Foundation
Slab
Heating
Central
Interior Features
Ceiling Fan(s), High Ceilings, Kitchen Island, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Walk-In Closet(s)
Laundry
In Unit, Inside, Laundry Room
Lot
0.23 acres
Owner Pays
Exterior Maintenance
Parking
10 open parking spaces, 10 total parking spaces, Driveway, Off Street
Property
New Construction
Roof
Shingle
Sewer
Public Sewer
Taxes
Parcel Number: 079420924015000 0035568, Annual Amount: $11,783.1, Legal Description: Lt5 & West Half Lt4 Levi H & Lizzie Jobe, Year: 2026, Zoning: RX-3
Tenant Pays
Cable TV, Electricity, Hot Water, Sewer, Trash Collection, Water
Utilities
Water Source: Public
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Courtesy of Compass -- Raleigh, Johnny Chappell, 919-726-6548.

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