105 NOEL ANN CT – CARY DUPLEX

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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.

Link to Tax Records

Unit Information

Unit	Type	Size	Lease	Rent
105	2BD/1.5BA	1,067 SF	MONTH-TO-MONTH	$725 (CURRENT)
107	2BD/1.5BA	1,067 SF	VACANT	$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

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Agent Information

Thomas T Furlow