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Auralia Residential proudly helps buyers and renters throughout Raleigh, Durham, Cary, Apex, Garner, Wake Forest, Fuquay-Varina, Clayton, and communities across the Greater Triangle.

2411 E Millbrook RD, Raleigh, NC 27609
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2411 E Millbrook RD, Raleigh, NC 27609
2411 E Millbrook RD, Raleigh, NC 27609
2411 E Millbrook RD, Raleigh, NC 27609
2411 E Millbrook RD, Raleigh, NC 27609
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Listed by D-3 Realty Group
$ 785,000
Est. payment /mo
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Active

2411 E Millbrook RD Raleigh, NC 27609

2,420 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 2,420 sqft

Price per Sqft $324

MLS Listing ID 10174433

HOA Y/N No

Year Built 1987

Annual Tax Amount $3,861

Property Sub-Type Retail

Source Doorify MLS

Land Area 2420

Property Description

An exceptional, low-maintenance investment opportunity to acquire a prime commercial retail condominium in Raleigh's highly trafficked Millbrook Lake Center. Offered at $785,000, this property features an established, long-term laundromat tenant generating immediate, reliable cash flow. Because the tenant owns the equipment and handles operational costs, this asset offers an investor a true "hands-off" passive stream of income. Financial & Investment Highlights Immediate Cash Flow: Generates a steady, predictable income of $5,000 per month ($60,000 annually) from day one. Strong Yield: Offering an attractive 7.64% gross capitalization yield at the current asking price. Absolute Passive Structure: The tenant owns 100% of the commercial laundromat equipment. Under the current agreement, the tenant is fully responsible for all equipment maintenance, property repairs, and any additional assessments, insulating the landlord from unexpected operational expenses. Strategic Location & Property Features Prime Raleigh Location: Situated in a high-visibility retail strip right off the bus line with easy access to US-1 and the I-440 beltline. Built-In Customer Base: Surrounded by dense, multi-family residential complexes and established neighborhoods, ensuring a permanent demand for the tenant's services and long-term viability for the location. Excellent Asset Condition: Modern, second-generation commercial buildout featuring tenant-controlled HVAC, updated storefront signage, and ample shared parking within the center. Property Overview Property Type: Retail Commercial Condominium Current Use: Tenant-Operated Laundromat Monthly Income: $5,000/month ($60,000/year) Maintenance & Expenses: 100% Tenant responsibility (Repairs, maintenance, and assessments) Financing Structure Seller Financing Potential: The owner is open to considering flexible owner-financing structures or creative deal structuring for well-qualified buyers with a substantial down payment. Inquire Today: Full lease details, condo association documents, and property specifics are available upon request. Contact the listing team directly to discuss terms or schedule a site visit.

Location

State NC

County Wake

Interior

Cooling Ceiling Fan(s), Central Air

Fireplace No

Laundry In Unit

Exterior

Utilities Available Cable Available

Garage No

Building

Foundation Slab

Water Public

New Construction No

Others

Security Features See Remarks

Acceptable Financing Other

Listing Terms Other


Doorify MLS
Tamisha Lane
Tamisha Lane

Principal Broker | Broker-in-Charge | Owner Broker License 327561Firm License C41348

+1(919) 373-3037 | tamishalane@auraliaresidential.com

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2411 E Millbrook RD