105 NOEL ANN CT – CARY DUPLEX

Price:

$450,000

Status:

Sold

Address:

105 Noel Ann Ct, Cary, NC 27511, USA

Overview:

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

UnitTypeSizeLeaseRent
1052BD/1.5BA1,067 SF MONTH-TO-MONTH$725 (CURRENT)
1072BD/1.5BA1,067 SFVACANT $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 Owner Financing NONE
Utilities TENANTS PAY UTILITIES Appliances RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTIONS
Legal Description LO27 HICKORY RIDGE SUB SE2 Zoning RMF
Sold Date 06/02/2023