1512 Arapahoe Ridge Drive

2 year ranch home in the popular 540 West community. One of the best turnkey investment properties you can find with stable income, currently occupied by a long-term, high quality tenant with lease ending 5/31/2025 and likely to renew for more years. Tenants already been here for 2 years, excellent payment history, rent is $2,149/mo. Open concept living at its best in Raleigh! 4 bedrooms, 2 full bathrooms. Fridge to convey. $297.00 quarterly HOA fee includes spectrum 400 Mbps High-Speed Internet and approx. 200 TV channels. Well maintained, hard to come by exceptional investment opportunity. This property has been professionally managed. However, investor buyer can also choose to self-manage or hire any other property management company. Owner is selling for buying a commercial property. Other 3 properties seller also listed for sale are: 109 N Blacknall St, Durham, NC 27703; 3615 Ranbir Dr, Durham, NC 27713; 1614 Fayetteville St, Unit A, B, C, D, Durham, NC 27707. If anyone is doing 1031 exchange and interested in one or more properties from seller, please contact listing agent for more details. Don't miss out on this exceptional property! Residents of 540 West enjoy access to an array of amenities, including a common area with a pool, playground, dog park, cabana, and gathering area, fostering a strong sense of community. Experience the perfect blend of comfortable living and vibrant community life in this beautiful, well-maintained home.