3506 Bellevue Rd Lot 66 Raleigh, NC 27609

Listing details for 3506 Bellevue Rd Lot 66, Raleigh, NC 27609 : This lot with an existing home is in an outstanding area for single family living and presents a great investing opportunity, not only for traditional investors but the average homeowner. Located "Inside the Beltline" within a 5-10 minute walk to "Midtown", one of Raleigh's fastest growing corporate/leisure/business/shopping centers that has already lead Raleigh's historical growth in homeowner value over the past 15 years. In my opinion as A 25+ year Real Estate Appraiser that has lived in this market all my life, The city of Raleigh has planned over 4 billion in investments for Downtown and Midtown over the next 2 years, coupled with the beautiful architectural plans for the expansion of Midtown by the original developer, Kane Realty. The value of homes and land in this market surrounding Midtown will likely enter a parabolic move upwards lasting over the next several years. R-4 zoning requirements allow 38% of the lot to be impervious. This can support a 3-4 level home up to approximately 9500 square feet. The best ROI for this property is building a modern home on the lot.