Home Tour Information

Ready to Tour This Home? Let's Make It Count.

Interested in touring one of our homes?

Pre-screening is required before a showing can be scheduled. Whether you're looking to rent or purchase, we start with a brief pre-screening call to review your qualifications, answer your questions, and walk you through the showing process.

For rental properties, we'll also review the qualification requirements so you know what to expect before visiting the home. It's a simple conversation that helps us make sure we're starting on the right foot.

A note about Sundays: Our office is closed, but we're still available to assist with previously confirmed Sunday showings.

More about the Auralia experience

Welcome! We're so glad you found us.

At Auralia Residential, we believe finding the right home should be exciting, not overwhelming. Whether you're searching for your next rental or preparing to purchase a home, we're here to make the experience a little more personal and a lot less complicated.

We value your time, and we know you have questions. That's why every showing starts with a pre-screening call. It's where we review your qualifications, learn what matters to you, explain what comes next, and make sure you have everything you need before you tour.

Real estate is personal, and we believe every conversation should be too.

You'll find a friendly team that believes in clear communication, honest guidance, and being there when you need us. From that first phone call through move-in or closing day, we want you to feel informed, comfortable, and confident about your next move.

And if you've already scheduled a Sunday showing, you're all set! Although our office is closed on Sundays so our team can enjoy time with their families, we'll still be available to help with property access and anything you need during your confirmed tour.

We're not simply opening a door. We're helping you open the door to your next chapter.

Now for the fun part. Let's find a home you'll truly love calling your own. We can't wait to meet you!

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

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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Tamisha Lane

Tamisha Lane

Auralia Residential

+1(919) 373-3037
Listed by D-3 Realty Group
$ 785,000
Est. payment /mo
Save
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

Broker/Owner Broker License 327561Firm License C41348

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

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Go tour this home

2411 E Millbrook RD

Tamisha Lane

Broker/Owner, Auralia Residential

Ready to tour this home?

Every showing starts with a quick pre-screening call. We'll review your qualifications, answer your questions, and get you on the schedule.

Call 919.866.9302

tamishalane@auraliaresidential.com
NC Broker License 327561  |  Firm License C41348