4632 Kilcullen Drive,Raleigh, NC 27604
Raleigh, NC 27604
Description
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.
Details
| MLS # | 10163045 |
|---|---|
| Listing Type | For Lease |
| Status | Active |
| Year | 1983 |
| Days On Site | 139 |
| Listing Provided By | Parker James Properties LLC | Myron Von Raesfeld |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 8 Total |
| SQ Feet | 4,192 |
| Story(s) | 2 |
| Zoning | RX-3 |
| Acreage | 0.34 |
| Property View | None |
Interior
| Interior Features | Bathtub/Shower Combination, Granite Counters |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Central Air, Electric, Exhaust Fan, Separate Meters |
| Fireplace Features | Decorative, Living Room, Metal |
| Fireplaces Total | 2 |
| Fireplace Yes / No | Yes |
| Laundry Features | In Unit, Laundry Closet, Washer Hookup |
Exterior
| Roof | Composition |
|---|---|
| Foundation Details | Slab |
| Lot Features | Corner Lot, Few Trees, Landscaped |
| Community Features | None |
| View | None |
| Construction Materials | Blown-In Insulation, Frame, Masonite |
| Security Features | Carbon Monoxide Detector(s), Smoke Detector(s) |
| Door Features | French Doors |
| Window Features | Blinds, Double Pane Windows, Screens |
| Patio And Porch Features | Covered, Front Porch, Porch |
| Pool Features | None |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Asphalt, Assigned |
Location
| Association Amenities | None |
|---|---|
| Community Features | None |
Utilities
| Utilities | Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Sewer Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Assessed Value | 587553 |
|---|---|
| Tax Legal Description | Lo18 Pepperdyne II Sub Bm1983-00400 |
| Tax Year | 2025 |
| Tax Map Number | 18 |
Area Information
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27604 |
| Area | Wake |
| Community Name | Pepperdine |
| Listing VS Median (in Pepperdine) | |
Price: $774,950 low | high Med: $762,425 sqft: 4,192 low | high Med: 4,182 $ / sqft: $185 low | high Med: $182 On site: 139 low | high Med: 88 | |
Market Activity 27604
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Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
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Learn More About This Property
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27604 |
| Area | Wake |
| Community Name | Pepperdine |
| Listing VS Median (in Pepperdine) | |
Price: $774,950 low | high Med: $762,425 sqft: 4,192 low | high Med: 4,182 $ / sqft: $185 low | high Med: $182 On site: 139 low | high Med: 88 | |
Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
