610 Woodburn

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610 Woodburn

Raleigh, NC 27605
Asking Price
$3.20M
Asset Type
Multifamily
Class
Class B

What's Special

610 Woodburn is situated in the Cameron Village area of Raleigh, North Carolina, a district known for its walkable layout and proximity to the city center. The property is located adjacent to a major open-air shopping center featuring a mix of national retailers, grocery stores, and local dining options. North Carolina State University and the downtown business district are within two miles, providing access to major employment and educational hubs. The area is served by GoRaleigh public transit routes and maintains proximity to the Wade Avenue corridor, facilitating regional connectivity to the Research Triangle Park. As a multifamily asset, this location is suited for residential development or long-term rental operations. The property is positioned to serve a tenant profile consisting of young professionals, university faculty, and graduate students who prioritize proximity to urban amenities and workplaces. The neighborhood’s stability and central location also attract long-term residents seeking an established residential environment. Given the high walkability score of the surrounding blocks, the site supports high-density residential use designed for individuals who rely on local services and pedestrian access to transit.

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NOI
$80,000
Cap Rate
2.50%
DSCR
0.42
Underwater
Cash-on-Cash
-11.46%
Monthly Payment
$15,831.854
Annual Cash Flow
$-109,982.248

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