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.
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 |
Agent Information Thomas T Furlow
Location Map
815 FRYE STREET – WAKE FOREST DUPLEX
Address:
815 Frye St, Wake Forest, NC 27587, USA
Price: $
360,000
Unit:
2