Houses For Sale Raleigh Durham Nc

Houses For Sale Raleigh Durham Nc – Scroll to the bottom of this page to see our complete inventory in Raleigh, Durham, Chapel Hill and surrounding areas!

A home can be a great investment, especially for those new to real estate investing. This type of real estate is easy for new investors to understand. Each unit has its own entrance, kitchen, bathroom and counter, providing all the amenities you would find in a studio apartment.

Houses For Sale Raleigh Durham Nc

Investing in a duplex, triplex or quadruplex home is important for this article as these types of properties are considered residential properties and thus financing them is a much easier task than applying for a commercial property loan.

Buying A House In Raleigh, Nc

Purchasing a multi-story home gives you several options for renting such a home. Some people decide to live in one house and rent the other. Other families use the building to accommodate extended families, elderly parents and older children. Family members maintain their independence, but any help they need is just steps away!

As with all real estate investments, there are pros and cons to this type of home. Individual investors must consider many factors when making decisions. Positive aspects:

Beginner investors will find it easier to invest in homes with four units or less. In fact, most lenders treat these small multifamily properties like single-family homes. These are considered lower-risk investments, making them more attractive to lenders.

Investing in a multi-family home often provides better cash flow than a single-family home. Renewable 3-, 6-, 9- or 12-month leases allow you to increase your rent to meet market demand.

The Charlotte New Home In Raleigh, Nc

By definition, multifamily properties have multiple streams of rental income, so if you own a triplex and one unit is vacant, you’ll still be collecting rent from the other two units to pay the mortgage. Typically, the cost of a shared rental for a multi-family apartment is the same as for a one-bedroom apartment.

As an added bonus, condominiums have withstood previous economic uncertainty better than any other type of real estate investment.

As home prices rise across the country, this is especially true in the Raleigh/Durham area. Many traditional homebuyers are being priced out of the market. Some of those families are putting off plans to buy a home and rent it instead.

It may seem logical that the price of a multi-story home is just the quantity of one unit, but it is actually economical. For example, a second duplex unit costs 50% more than purchasing a single unit. Because of this, the cash flow of duplexes and triplexes is almost always better than that of single-family homes. Additionally, if one unit is not rented, at least you will receive rent from the other unit.

Sunnybrook Road, Raleigh, Nc 27610

If you are not interested in fully managing your multifamily property, another option is to hire a property management company. This option may be cheaper for a single-family home, but it makes more sense if you have multiple units in one home.

“Home hacking” is not a cyber weapon, but it is an advantage for some investors. Here’s how it works: If you live in an apartment complex, your tenants may pay your mortgage and bills on your behalf. Cutting housing costs out of your budget is a huge win. This is especially true since home prices have been rising in the Raleigh/Durham area over the past decade.

However, there are some disadvantages to living on site, which can be a downside to purchasing a multi-story home.

If you own a property, remember that your tenants will come to you if they have a problem. When a pipe breaks in the middle of the night, they come knocking on your door.

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Of course, you share walls and other common areas with your tenants. There may be more “community” to this endeavor than you think, so keep that in mind.

Managing multiple departments takes time. Hiring a property manager can help reduce these disadvantages, but keep in mind that it will take some time for you as the owner to visit the property and request maintenance.

Landlords must deal with tenants who are individuals with different personalities and communication styles. However, multifamily ownership involves a lot less work than managing a portfolio of single-family homes.

When you rent a home, you’re competing with large apartment complexes that have all the amenities, including swimming pools, tennis courts, and fitness facilities. In some areas with many apartment complexes, you may not get the highest rents. On the other hand, some tenants prefer a quiet place and are willing to reject any “extras.”

Coley Road, Raleigh, Nc 27613

Additional competition for multifamily housing could come from sophisticated investors. This sometimes forces new investors out of the market altogether. One strategy used by novice investors is to partner with experienced investors.

Rental properties can be inefficient in terms of vacancy and maintenance costs. In some markets, property taxes can vary significantly from year to year. Taxes have increased in the Raleigh/Durham area over the past decade, largely due to rising property values.

Most multi-unit purchases require some work since they are not owner-occupied. One of the most important things you can do is have an independent home inspector inspect the unit before you finalize the purchase. So, if there are serious repair issues, you can negotiate with the seller or break the contract.

Multi-family homes such as duplexes and triplexes are rarer than single-family homes, but there is more than one for sale in the Triangle area. Below you will find a complete list of multi-family homes for sale in Durham, Chapel Hill, Raleigh, and surrounding areas.

Raleigh Mansion Is The Most Expensive Home In Wake County

Select the state you would like to search in or contact us for assistance. We have experience with small multifamily properties and can help you evaluate your property.

Welcome to an exciting investment opportunity in a prime location in Halifax County, just minutes from HWY 95. This multi-family property is a great opportunity for those who know me…

The best investment opportunity! This property, which is currently generating rental income through tenants, is both stable and profitable. It is located in a desirable location.

Duplex for sale in downtown Zebulon, walking distance from N. Arendelle is alive. Take advantage of your rental near bars, restaurants, banks, laundromats, cafes…

Cheap Old Houses For Sale In Raleigh, Nc

Great investment property located in historic downtown Lumberton. Come be surrounded by this beautiful old home with many updated features. Located within walking distance..

Great wedding opportunity! Live on one side and rent on the other. Where is the error? This duplex has many upgrades including:

Attention investors! We want our long-term and long-term tenants to stay. Each unit has individual water and electricity meters. Current tenants live on a month-to-month basis. On sale”…

Great investment warning! Check out this 3 unit Triplex listing for sale in Fayetteville. Each unit has 1 bedroom, 1 bathroom, 2…

Ranch Homes For Sale In Raleigh, Durham, And The Rest Of The Triangle

Get a great investment opportunity with this duplex! It’s a great location in Fayetteville as it’s close to all the shopping on Ramsey St and Skibo. Both units are occupied and paid for.

A great opportunity for income owners to own a rental home in Raleigh! The 327 is on a DOT maintenance track, has a wide front end, wide yard, and is big…

Investors, this is for you! Don’t miss this amazing opportunity to get a slice of American pie in Durham. It is a “diamond in the rough” – currently O…

Recently renovated in 2023, this true turnkey duplex in East Durham, this property features new cabinets, granite countertops, tile floors, and stainless steel floors.

Raleigh Among Hottest Markets In Continuing Robust Real Estate Sales

A great opportunity for income owners to own a rental home in Raleigh! The 325 A/B has a wide front, wide buckled area, and is capable of handling DOT service roads…

Discover the possibilities of this beautiful one bedroom duplex located on a corner lot. This is real estate for those who want to invest.

High asset country! 3 homes for rent on 2 lots in the stunning Four Oaks neighborhood! Each house is for rental. There are no restrictions. This country…

Attention investors! This is a fantastic opportunity for novice or experienced investors looking to add to their investment portfolio. Each unit has 2 bedrooms and 1 bedroom.

Ashland Dr, Durham, Nc 27705

**Dual Income Investment Opportunity!** Welcome to 205 A&B Mitchell Ave in Franklinton! This dual option provides investors with a unique opportunity.

Two properties are being sold together – 3238 Princess Anne Dr. and 3254 Princess Anne Dr.

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