NOEL ANN CT 105 – CARY DUPLEX
SOLD 6/2/2023 FOR $385,000
$192,500 per unit
This duplex, offers a true value-add opportunity in a highly-desirable location that is close in proximity to multiple retail (including Cross Roads Shopping Center), entertainment, employment centers, US-1, and Downtown Raleigh. Built in 1983, the property features townhome-style units with identical two-bedroom, one-and-a-half bathroom floor plans. The property’s most recent residents have occupied the property for over ten years. Currently, the property has one occupied unit on a month-to-month lease and one vacant unit. Current asking rents at neighboring apartment complexes suggest that this duplex could achieve rents of $1,500+ per-unit through strategic improvements.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 105 | 2BD/1.5BA | 1,067 SF | $725 (CURRENT) |
| 107 | 2BD/1.5BA | 1,067 SF | $1,500 (MARKET) |
| 2 UNITS TOTAL | 2,134 SF |
PROPERTY INFORMATION
| PIN | 0773547197 |
| Tax Value | $261,820 |
| Taxes | $2,565.25 |
| Lot Size | .34 ACRES |
| Year Built | 1983 |
| Exterior | BRICK, MASONITE |
| Floors | CARPET, VINYL |
| Foundation | CRAWL |
| HVAC | CENTRAL A/C, HEAT PUMP |
| Utilities | TENANTS PAY UTILITIES |
| Legal Description | LO27 HICKORY RIDGE SUB SE2 |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS |
| Sold Date | 2023-06-02 |
| Zoning | RMF |
Agent Information Thomas T Furlow
Location Map
NOEL ANN CT 105 – CARY DUPLEX
