
Seller's Agent in 2024
Wendy Mitchel
Choice Residential Real Estate
(919) 749-0536
3 in this area
68 Total Sales
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.
Last Agent to Sell the Property
Choice Residential Real Estate License #270909 Listed on: 09/11/2024
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $398,000 | Tryon Title | |
Warranty Deed | -- | -- | |
Quit Claim Deed | -- | -- | |
Quit Claim Deed | -- | None Listed On Document | |
Warranty Deed | $310,000 | None Listed On Document | |
Interfamily Deed Transfer | -- | None Available | |
Interfamily Deed Transfer | -- | None Available | |
Interfamily Deed Transfer | -- | None Available | |
Warranty Deed | $124,000 | Market Title |
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $378,099 | New Conventional | |
Previous Owner | $232,000 | New Conventional | |
Previous Owner | $20,000 | Construction | |
Previous Owner | $116,000 | New Conventional | |
Previous Owner | $99,200 | Fannie Mae Freddie Mac | |
Previous Owner | $30,000 | Credit Line Revolving | |
Previous Owner | $68,800 | VA |
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
10/25/2024 10/25/24 | Sold | $397,999 | -0.5% | $209 / Sq Ft |
09/19/2024 09/19/24 | Pending | -- | -- | -- |
09/11/2024 09/11/24 | For Sale | $399,999 | +29.0% | $210 / Sq Ft |
12/15/2023 12/15/23 | Off Market | $310,000 | -- | -- |
03/17/2022 03/17/22 | Sold | $310,000 | -3.1% | $167 / Sq Ft |
01/29/2022 01/29/22 | Pending | -- | -- | -- |
12/20/2021 12/20/21 | For Sale | $319,900 | -- | $172 / Sq Ft |
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2025 | $3,220 | $308,593 | $120,000 | $188,593 |
2024 | $2,739 | $263,123 | $120,000 | $143,123 |
2023 | $2,009 | $154,903 | $45,000 | $109,903 |
2022 | $1,835 | $154,903 | $45,000 | $109,903 |
2021 | $1,743 | $154,903 | $45,000 | $109,903 |
2020 | $1,719 | $154,903 | $45,000 | $109,903 |
2019 | $1,543 | $118,903 | $34,000 | $84,903 |
2018 | $1,431 | $118,903 | $34,000 | $84,903 |
2017 | $1,384 | $118,903 | $34,000 | $84,903 |
2016 | $1,367 | $118,903 | $34,000 | $84,903 |
2015 | $1,484 | $129,349 | $40,000 | $89,349 |
2014 | $1,414 | $129,349 | $40,000 | $89,349 |
Seller's Agent in 2024
Wendy Mitchel
Choice Residential Real Estate
(919) 749-0536
3 in this area
68 Total Sales
C
Buyer's Agent in 2024
Carolina Contreras
Real Broker, LLC - Carolina Collective Realty
(919) 986-9898
1 in this area
23 Total Sales
Seller's Agent in 2022
Peter Greijn
Referral Realty US LLC
(919) 422-9677
9 in this area
268 Total Sales
Source: Doorify MLS
MLS Number: 10051929
APN: 1711.11-66-2156-000