4304 Presley Ct, Raleigh, NC 27604

Property Description

Raleigh quadplex with immediate cash flow and opportunity for additional rental income! Three of the four 2-bedroom units are currently leased, including Unit A at $1,400/month, Unit C with a newly signed lease at $1,430/month, and Unit D on a newly signed 2-year lease at $1,650/month. Unit B is currently undergoing final cosmetic updates and will be ready for tenant placement, giving the next owner the opportunity to bring the property to full occupancy at current market rents. Significant improvements have been completed since 2022, including new siding, windows, exterior doors, gutters, updated exterior plumbing and drainage improvements. Interior renovations throughout the property include updated kitchens, stainless steel appliances, LVP flooring, plumbing and electrical updates, newer HVAC systems, and additional cosmetic improvements. Each unit features 2 bedrooms with a unique layout offering each bedroom its own private sink and toilet area with a shared connecting tub/shower. With three units leased, including a newly secured 2-year lease, substantial improvements already completed, and additional rental income potential in Unit B, 4304 Presley Court offers an attractive combination of existing cash flow, stability, and upside for its next investor. See attached improvements list for additional details.