404 E. Edenton St., Raleigh, NC

REAL ESTATE AUCTION

(3) unit apartment house in downtown Raleigh, NC

This auction is of a very large early 1900's home located just 3 blocks east of the North Carolina State Capitol Building in downtown Raleigh, NC. This 3,600 square foot, 2-story home is currently configured with (3) separate apartments. There are (3) seperate electric metersThe building has great curb appeal and appears to be in fair overall condition. It still has the charm and feel of a grand home from its era. The home is an a nice residential area, surrounded by similar homes, many of which appear to have hade major renovations and upgrades in recent years. This property could be updated to make (3) nice downtown apartments or converted back to a large single family home. The property currently has no off street parking, but the owners appear to have started the process of constructing a private driveway on the left side of the property, but it is not complete. There is an area at the rear of the property used for parking, but access to that area was granted from an adjoining property owner and is not a deeded easement or access.

Unit 1 - This unit is a 2-story townhome apartment unit with a private entrance on the far right of the large front porch as well as a rear entrance. It is currently configured as a (2) bedroom unit with (2) full baths.

Unit 2 - This unit is an upstrairs only, single floor unit. It has a private rear entrance with a large second story deck and separate front porch entrance. There is an adjoining doorway upstairs with Unit 1 as well that would allow for combining the separate units. This unit is currently configured as a (1) bedroom, (1) bath unit but could possible be used as (2) bedrooms.

Unit 3 - This unit is a downstairs only apartment currently configured with (2) bedrooms and (2) baths. This unit also has a private entrance from the large shared front porch and a private rear entrance with a small patio.

There is no upset bid raise period for this property. The high bid at the live auction will be the final bid. This auction will be held live on location at the property on Wednesday, September 3, 2025 at 10:00am. This property will be available for preview or inspection by contacting Country Boys Auction & Realty, Inc. (252)946-6007.

WAKE COUNTY TAX DATA

ADDRESS - 404 E. Edenton Street, Raleigh, NC

REID - 0046564

DEED ACRES - 0.1

YEAR BUILT - 1910

TOTAL ASSESSED VALUE - 647,861.00

Tax data and other information available below by clicking the MAPS & BROCHURES tab.

TERMS & CONDITIONS
SELLER – This property is being sold by CBA under Order of or with Notice to The United States Federal Bankruptcy Court
THE PROPERTY IS BEING SOLD “FREE & CLEAR” OF LIENS – This property is being sold by Court order of having no liens.
THE PROPERTY IS BEING SOLD “AS IS, WHERE IS” – This property is being sold in its current condition with no Buyer contingencies. The information included in the advertising, sales packages, and other is intended for general information purposes only. This information has been provided to us as accurate from outside sources, public records, and other information platforms, however the Seller, Country Boys Auction & Realty, Inc., its employees, Brokers, and associates, hold themselves harmless for any and/or all the information provided in this package. Furthermore, all drawings, maps, letters, descriptions, etc., are “unofficial.” It is the sole responsibility and obligation of the buyer to inspect the property prior to the time of sale and do any and all research they deem necessary prior to bidding.
BROKER - Country Boys Auction & Realty, Inc., its Brokers, and employees are agents for the Seller and have no dual agency representation of responsibilities. Any agent or Broker working with a Buyer will be a Buyer's Agent and would need to be compensated by the Buyer.
DEPOSIT - A deposit in the amount of 10% of the high bid amount is required by the high bidder immediately upon completion of the auction. Cash or check is accepted. The property is being sold “free and clear” of all liens, or with liens satisfied at closing.
CLOSING – The balance of the sales amount will be due at closing. The Buyer will have (30) days from the time of confirmation to close on the property.
TAXES - The property is being sold with taxes prorated as of day of closing, meaning the current year taxes will be split between the Buyer and the Seller based on the closing date; the Seller will pay all prior year’s taxes.
NO BUYER’S PREMIUM - THIS IS A PUBLIC AUCTION

ANNOUNCEMENTS AT TIME OF AUCTION TAKE PRECEDENCE OVER ALL OTHER INFORMATION PROVIDED.