815 FRYE STREET – WAKE FOREST DUPLEX
Price: |
$360,000 |
Status: |
Under Contract |
Address: |
815 Frye St, Wake Forest, NC 27587, USA |
Overview: |
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 | Lease | Rent |
|---|---|---|---|---|
| 815 | 2BD/1BA | 878 SF | 1/31/2024 | $1,095 |
| 817 | 2BD/1BA | 878 SF | 1/31/2024 | $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 | Owner Financing | NONE |
| Utilities | TENANTS PAY UTILITIES | Appliances | RANGE, REFRIGERATOR, W/D CONNECTIONS |
| Legal Description | LOH GLEN ROYALL BM1941-00038 | Zoning | GR5 |
