$397,999
SOLD OCT 25, 2024

603 Curtiss Dr Garner, NC 27529

4 Beds
3 Baths
1,905 Sq Ft
0.29 Acres

Recently Sold

$209 Per Sq Ft

1% Below List Price

8 Days on Market

Highlights

  • Deck
  • Granite Countertops
  • Front Porch
  • Transitional Architecture
  • No HOA
  • In-Law or Guest Suite

About This Home

As of October 2024

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

Wendy Mitchel

Choice Residential Real Estate License #270909 Listed on: 09/11/2024

Choice Residential Real Estate

Last Buyer's Agent

Carolina Contreras

Real Broker, LLC - Carolina Collective Realty License #326988

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,009

Year Built

  • Built in 1965 | Remodeled

Home Design

  • Transitional Architecture
  • Brick Exterior Construction
  • Raised Foundation
  • Shingle Roof
  • Masonite

Interior Spaces

  • 1,905 Sq Ft Home
  • Multi-Level Property
  • Laundry in unit

Kitchen

  • Oven
  • Dishwasher
  • Granite Countertops

Flooring

  • Luxury Vinyl Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • In-Law or Guest Suite
  • 3 Full Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Open Parking Spaces

Outdoor Features

  • Deck
  • Front Porch

Schools

  • Yates Mill Elementary School
  • North Garner Middle School
  • Middle Creek High School

Utilities

  • Multiple cooling system units
  • Central Air
  • Heat Pump System
  • Water Heater

Additional Features

  • Energy-Efficient Windows
  • 0.29 Acre Lot
  • Grass Field

Listing and Financial Details

  • Tenant pays for cable TV, telephone
  • The owner pays for electricity, sewer, taxes, trash collection, water
  • Assessor Parcel Number 1711662156

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • School Acres Subdivision

Building Details

  • 2 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,009

Year Built

Built in 1965 | Remodeled

Lot Details

0

Listing Details

  • Year Built: 1965
  • Prop. Type: Residential Income
  • Subdivision Name: School Acres
  • Above Grade Finished Sq Ft: 1905.0
  • Architectural Style: Transitional
  • Garage Yn: No
  • Unit Levels: Multi/Split
  • New Construction: No
  • Efficiency: Windows
  • General Property Information Basement YN: No
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Vinyl: Yes
  • Levels MultiSplit: Yes
  • Interior Features ApartmentSuite: Yes
  • Roof:Shingle: Yes
  • Contract Information Lease Term: 12 Months
  • General Property Information Above Grade Finished Area: 1905.0
  • Laundry Features Inside: Yes
  • Property Condition UpdatedRemodeled: Yes
  • Vegetation Grassed: Yes
  • Structure Type Multi Family: Yes
  • General Property Information Number Of Units Total3: 2.0
  • Owner Pays:Sewer2: Yes
  • General Property Information Lot Size Square Feet2: 12632.4
  • Foundation Details Raised: Yes
  • General Property Information Lot Size Acres: 0.29
  • Cooling Multi Units: Yes
  • General Property Information Waterfront YN: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Luxury Vinyl, Vinyl
  • Interior Amenities: Apartment/Suite, Granite Counters
  • Appliances: Dishwasher, Oven, Water Heater
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Appliances Dishwasher: Yes
  • Interior Features:Granite Counters: Yes
  • Appliances:Oven: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.29
  • Waterfront: No
  • Construction Type: Brick, Masonite
  • Foundation Details: Raised
  • Patio And Porch Features: Deck, Front Porch, Side Porch
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Masonite: Yes
  • Construction Materials:Brick: Yes
  • Patio and Porch Features:Side Porch: Yes
  • Patio And Porch Features:Front Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Parking Features: Open
  • Total Parking Spaces: 4.0
  • General Property Information:Parking Total: 4.0
  • Parking Features:Open: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 4.0

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Multi Units
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • Water Heater: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Wake - Middle Creek
  • Middle Or Junior School: Wake - North Garner

Lot Info

  • Lot Size Sq Ft: 12632.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 1711662156
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient:Windows: Yes

Rental Info

  • Tenant Pays: Cable TV, Telephone, See Remarks
  • Lease Term: 12 Months
  • Owner Pays: Electricity, Sewer, Taxes, Trash Collection, Water, Other

Tax Info

  • Tax Annual Amount: 2008.92
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 2
  • Number Of Units Leased: 2

MLS Schools

  • Elementary School: Wake - Yates Mill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2024
Closed on
Oct 14, 2024
Sold by
1985 Bates Family Revocable Living Trust and Bates Lawrence I
Bought by
Hanumanthgari Rahul Reddy and Yerri Mahendra
Seller's Agent
Wendy Mitchel
Choice Residential Real Estate
Buyer's Agent
Carolina Contreras
Real Broker, LLC - Carolina Collective Realty
List Price
$399,999
Sold Price
$397,999
Premium/Discount to List
-$2,000
-0.5%
Views
66
Current Estimated Value
$388,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,303
Avg. Annual Appreciation
-2.62%
Original Mortgage
$378,099
Outstanding Balance
$374,391
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$14,305

Purchase Details

Closed on
Mar 28, 2023
Sold by
Bates Isabelle P and Bates Lawrence I
Bought by
1985 Bates Family Revocable Living Trust

Purchase Details

Closed on
Mar 10, 2023
Sold by
Bates Isabelle P and Bates Lawrence I
Bought by
Bates Isabelle P and Bates Lawrence I

Purchase Details

Listed on
Dec 21, 2021
Closed on
Mar 14, 2022
Sold by
Lillian R Cooper Llc
Bought by
Bates Isabelle P and Bates Lawrence I
Seller's Agent
Peter Greijn
Referral Realty US LLC
Buyer's Agent
Wendy Mitchel
Choice Residential Real Estate
List Price
$319,900
Sold Price
$310,000
Premium/Discount to List
-$9,900
-3.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.68%
Original Mortgage
$232,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2018
Sold by
Cooper Lillian R
Bought by
Lillian R Cooper Llc

Purchase Details

Closed on
Jul 8, 2011
Sold by
Cooper Lillian R and Cooper Darren
Bought by
Cooper Lillian R

Purchase Details

Closed on
Jul 6, 2006
Sold by
Clark Timothy A and Cooper Lillian R
Bought by
Cooper Lillian R and Cooper Darren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2005
Sold by
Anderson Philip and Anderson Felicia A
Bought by
Clark Timothy A and Cooper Lillian R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,200
Interest Rate
9.25%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

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
Source: Public Records

Mortgage History

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
Source: Public Records

Property History

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
Source: Doorify MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10051929

Doorify MLS

APN: 1711.11-66-2156-000