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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,046 sqft
Price per Sqft $268
Subdivision Country Club View
MLS Listing ID 10125987
Style Duplex
Bedrooms 4
Full Baths 2
Half Baths 2
HOA Y/N No
Abv Grd Liv Area 2,046
Year Built 1984
Annual Tax Amount $2,931
Lot Size 0.460 Acres
Acres 0.46
Property Sub-Type Duplex
Source Triangle MLS
Property Description
The current owners have made over $80K in significant upgrades. Featuring a new roof, new LVP flooring downstairs, and new carpet upstairs. Both units have several new appliances, new paint throughout, and updated bathrooms with new vanities, lighting, and exhaust fans. All HVAC units and water heaters recently replaced within the last 2 years. The HVAC ducting has been fully replaced in both units upstairs and downstairs and paired with some new insulation throughout both units. In addition, the crawl space received a new vapor barrier. The outside of the home has been fully painted in a modern style and features improvements like upgraded decking with new paint and sealer. The home also has a detached garage behind the duplex that could be used for storage, for a workshop, or it could be converted into an in-law suite/ ADU/ tiny home to generate additional rental income.
ROOM TO GROW! While this home is currently a duplex, the property is zoned for up to a quad-plex with no necessary zoning changes or restrictions. It sits within Raleigh's newly designated Frequent Transit Area as part of the UDO 2030 Comprehensive Plan. The plan involves increasing accessibility throughout the city through the creation of Raleigh's first Bus Rapid Transit Line, new bus stations and the widening of New Bern Avenue (Hwy 64) where the city is building a multimillion-dollar transit upgrade for HWY 64. The city of Raleigh is eager to have new infill housing in downtown, making any additions to this duplex a perfect project. No HOA helps you save on monthly expenses and retain full control over the property. This property boasts a proven track record and excellent rental history, making it an ideal opportunity for savvy investors. A similarly sized and renovated property in this area would rent for approximately $1500 per unit, totaling approximately $3000 of monthly income if both sides were rented.
Location
State NC
County Wake
Rooms
Basement Crawl Space
Interior
Interior Features Ceiling Fan(s), Pantry, Smooth Ceilings
Heating Forced Air
Cooling Central Air
Flooring Carpet, Vinyl
Exterior
View Y/N Yes
Roof Type Shingle
Porch Deck, Porch
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Structure Type HardiPlank Type
New Construction No
Others
Senior Community No
Tax ID 1723184023
Special Listing Condition Standard
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