Bought with Choice Residential Real Estate
$375,000
$360,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
9,147 Sqft Lot
SOLD DATE : 03/31/2023
Key Details
Sold Price $375,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Not In A Subdivision
MLS Listing ID 2495866
Sold Date 03/31/23
Originating Board Triangle MLS
Year Built 1985
Annual Tax Amount $1,923
Lot Size 9,147 Sqft
Acres 0.21
Property Description
This duplex, located just one mile north of downtown Wake Forest and the campus of Southeastern Baptist Theological Seminary, offers an excellent value-add opportunity in a highly-desirable location. The property is fully-leased with $2,190 in gross monthly rent, but rents could be increased with strategic improvements. Built in 1985, the one-story design features identical two-bedroom, one-bathroom floor plans. A new roof was installed in 2020. In 2021, unit 815 had new LVP flooring installed throughout and unit 817 had new LVP flooring installed in the kitchen and bathroom. Unit 815 rent is $1,095/mo with lease expiration 1/31/2024. Unit 817 rent is $1,095/mo with lease expiration 1/31/2024.
Location
State NC
County Wake
Direction Heading north on Main St, take a right onto E Chestnut Ave, then turn left onto Frye St and property will be located on the left.
Interior
Heating Electric, Heat Pump
Cooling Central Air, Heat Pump
Flooring Vinyl
Exterior
Parking Type Off Street
Garage No
Private Pool No
Building
Faces Heading north on Main St, take a right onto E Chestnut Ave, then turn left onto Frye St and property will be located on the left.
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Masonite
New Construction No
Schools
Elementary Schools Wake County Schools
Middle Schools Wake County Schools
High Schools Wake County Schools
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