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The Oakwood Cottages are coming right along. 916 Oakwood Avenue is almost totally painted on the outside.
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916 Oakwood now has the trim finished and it's primed inside. This week the interior will be painted and the Bamboo flooring will begin to go in!
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Originally, I had planned to rent all 6 of the homes, but after thinking about it, I decided that it would create a better sense of community in the block to have at least half of the homes be owner-occupied. Despite the national real estate market, there is a strong demand for reasonably priced homes in Downtown Raleigh. Compared with smaller homes further away from downtown, these homes are reasonably priced at $225,000. Considering that everything is new, except a small amount of original siding and framing, that is a great price for downtown Raleigh.
A local Realtor, Van Fletcher, contacted me and has brought me a contract for 914 Oakwood and we are expecting a contract on 912 Oakwood! This community is coming together!
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