815 FRYE STREET – WAKE FOREST DUPLEX

PRICE:
$ 360,000
STATUS:
Sold
ADDRESS:
815 Frye St, Wake Forest, NC 27587, USA
OVERVIEW:

SOLD 3/31/2023 FOR $375,000
$187,500 per unit

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.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
815 2BD/1BA 878 SF $1,095
817 2BD/1BA 878 SF $1,095
2 UNITS TOTAL 1,756 SF TOTAL $2,190 GROSS MONTHLY RENT
PROPERTY INFORMATION
PIN 1841657846
Tax Value $168,944
Taxes $1,922.88
Lot Size .21 ACRES
Year Built 1985
Exterior HARDBOARD
Floors LVP, VINYL, CARPET
Foundation SLAB
HVAC CENTRAL A/C, HEAT PUMPS
Utilities TENANTS PAY UTILITIES
Legal Description LOH GLEN ROYALL BM1941-00038
Appliances RANGE, REFRIGERATOR, W/D CONNECTIONS
Zoning GR5

Location Map

815 FRYE STREET – WAKE FOREST DUPLEX
Address: 815 Frye St, Wake Forest, NC 27587, USA Price: $ 360,000 Unit: 2