2809 Haven Rd Raleigh, NC 27610

ATTENTION DEVELOPERS! Rare Duplex offered in the heart of Raleigh near HWY 64 and Interstate 40 by Wake Med Hospital. The home resides in the new frequent transit area as part of the UDO 2030 Comprehensive Plan for the city involving the cities first Bus Rapid Transit Line and new stations and widening of New Bern Avenue (Hwy 64) where the city is building a multi million transit upgrade for HWY 64 to make the city more accessible. This home currently is a duplex in need of repair and home is uninhabitable. However with the new zoning you can request because this building is in this transit area, it is approved for up to 16 units that could be put there and existing building could be torn down and a small apartment complex or up to 12 townhomes could be put in its place assuming you meet all other building criteria like setbacks / water catchment system etc. If a developer were to acquire surrounding properties then a much larger high density project could be green lit by the city. For an even easier build the existing R-6 zoning is grandfathered into a quadplex with no zoning changes or restrictions. The current owners have made significant upgrades with over $40K in renovations the last 10 years including remodeling both units and upgrading HVAC on both units in the last 2 years. No HOA helps you save on monthly expenses and retain full control over the property. This property boasts a proven track record and excellent rental history, making it an ideal opportunity to fix and flip or develop for savvy investors. A 3bd/2bath apartment unit / townhome / unit of a Quad would likely rent for $1800-$2000 a month in this location based on current market comps.