Calling all investors! This is a rare opportunity to own a fully leased income-generating property in the thriving suburb of Garner, NC, just minutes from Raleigh. This single-family home features two separate leases, bringing in over $2,800 per month in rental income. The main portion of the home includes 3 bedrooms and 2 full baths, currently under lease, while a separate 1 bedroom, 1 bath suite with a kitchenette is also leased, offering great flexibility for tenants. With over $80,000 in renovations recently completed, this property is turn-key and ready to provide steady cash flow. Updates include new windows, the addition of a second washer/dryer connection, the addition of a 2nd kitchen and the conversion of a half bath to a full bath, ensuring modern conveniences for tenants. Located close to major highways, large employers like Amazon, and NC State University, this home is perfectly situated in a rapidly growing area with high rental demand. Don't miss out on this fantastic investment opportunity! The main level includes 3 bedrooms with direct access to a large rear deck, perfect for relaxing or entertaining. The lower level features 1 bedroom, 1 bath, and a kitchenette The home has been updated with a modern kitchen and bathrooms, as well as new windows. The large backyard offers a great space for entertaining, and there's a spacious storage shed for added convenience. Lot provides room to grow with no HOA. This property is full of opportunity, and additional income potential. Close to major highways, downtown Raleigh and major employers such as Amazon.
Details
MLS#
10051929
Listing Type
For Lease
Style
House
Status
Pending
Year
1965
Days On Site
29
Listing Provided By
Be Home Realty | Wendy Jean Mitchel
Features
Bed(s)
4
Bath(s)
3 Total
SQ Feet
1,905
Units
2
Acreage
0.29
Property View
Yes
Market Activity 27529
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Sep 2024
Sales: 179
Avg $ Per SqFt: $12.77
Min Sale Price: $95
Max Sale Price: $1,500,000
Med Sale Price: $1,350
Date: Aug 2024
Sales: 29
Avg $ Per SqFt: $130.7
Min Sale Price: $900
Max Sale Price: $726,000
Med Sale Price: $295,000
Date: Jul 2024
Sales: 54
Avg $ Per SqFt: $150.73
Min Sale Price: $1,500
Max Sale Price: $625,000
Med Sale Price: $375,000
Date: Jun 2024
Sales: 55
Avg $ Per SqFt: $167.5
Min Sale Price: $1,650
Max Sale Price: $869,909
Med Sale Price: $392,055
Date: May 2024
Sales: 70
Avg $ Per SqFt: $173.89
Min Sale Price: $1,600
Max Sale Price: $625,000
Med Sale Price: $374,250
Date: Apr 2024
Sales: 95
Avg $ Per SqFt: $158.01
Min Sale Price: $955
Max Sale Price: $710,000
Med Sale Price: $365,000
Date: Mar 2024
Sales: 36
Avg $ Per SqFt: $166.8
Min Sale Price: $1,750
Max Sale Price: $715,000
Med Sale Price: $390,653
Date: Feb 2024
Sales: 35
Avg $ Per SqFt: $171.64
Min Sale Price: $1,295
Max Sale Price: $640,000
Med Sale Price: $425,000
Date: Jan 2024
Sales: 20
Avg $ Per SqFt: $194.03
Min Sale Price: $1,745
Max Sale Price: $456,269
Med Sale Price: $370,932
Date: Dec 2023
Sales: 13
Avg $ Per SqFt: $207.93
Min Sale Price: $330,000
Max Sale Price: $581,857
Med Sale Price: $516,030
Date: Nov 2023
Sales: 11
Avg $ Per SqFt: $168.32
Min Sale Price: $348,100
Max Sale Price: $600,111
Med Sale Price: $478,798
Date: Oct 2023
Sales: 13
Avg $ Per SqFt: $162.82
Min Sale Price: $2,210
Max Sale Price: $626,925
Med Sale Price: $430,000
Sourced by Back At You
Sep 2024
Sales:
179
Avg $ Per SqFt:
$12.77
Min Sale Price:
$95
Max Sale Price:
$1,500,000
Med Sale Price:
$1,350
Aug 2024
Sales:
29
Avg $ Per SqFt:
$130.7
Min Sale Price:
$900
Max Sale Price:
$726,000
Med Sale Price:
$295,000
Jul 2024
Sales:
54
Avg $ Per SqFt:
$150.73
Min Sale Price:
$1,500
Max Sale Price:
$625,000
Med Sale Price:
$375,000
Jun 2024
Sales:
55
Avg $ Per SqFt:
$167.5
Min Sale Price:
$1,650
Max Sale Price:
$869,909
Med Sale Price:
$392,055
May 2024
Sales:
70
Avg $ Per SqFt:
$173.89
Min Sale Price:
$1,600
Max Sale Price:
$625,000
Med Sale Price:
$374,250
Apr 2024
Sales:
95
Avg $ Per SqFt:
$158.01
Min Sale Price:
$955
Max Sale Price:
$710,000
Med Sale Price:
$365,000
Mar 2024
Sales:
36
Avg $ Per SqFt:
$166.8
Min Sale Price:
$1,750
Max Sale Price:
$715,000
Med Sale Price:
$390,653
Feb 2024
Sales:
35
Avg $ Per SqFt:
$171.64
Min Sale Price:
$1,295
Max Sale Price:
$640,000
Med Sale Price:
$425,000
Jan 2024
Sales:
20
Avg $ Per SqFt:
$194.03
Min Sale Price:
$1,745
Max Sale Price:
$456,269
Med Sale Price:
$370,932
Dec 2023
Sales:
13
Avg $ Per SqFt:
$207.93
Min Sale Price:
$330,000
Max Sale Price:
$581,857
Med Sale Price:
$516,030
Nov 2023
Sales:
11
Avg $ Per SqFt:
$168.32
Min Sale Price:
$348,100
Max Sale Price:
$600,111
Med Sale Price:
$478,798
Oct 2023
Sales:
13
Avg $ Per SqFt:
$162.82
Min Sale Price:
$2,210
Max Sale Price:
$626,925
Med Sale Price:
$430,000
Wendy Jean Mitchel of Be Home Realty – (919) 749-0536
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Wendy Jean Mitchel of Be Home Realty – (919) 749-0536