1505 Harth Drive Active Save Request In-Person Tour Request Virtual Tour
Garner,NC 27529
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,120 sqft
Price per Sqft $183
Subdivision Malibu Valley
MLS Listing ID 10085806
Bedrooms 4
Full Baths 2
Half Baths 1
Year Built 1978
Annual Tax Amount $3,682
Lot Size 0.370 Acres
Property Sub-Type Duplex
Property Description
ATTENTION INVESTORS! Rare Duplex offered in Garner at an in place Cap Rate of 7.2% based on current rents and 2024 taxes and insurance numbers assuming a owner operated cash purchase. Being offered 100% occupied with long term stable tenants with below market rents. Perfectly situated in a prime location near groceries and restaurants and a short drive or public transportation to major shopping like Target and Cabelas. Garner is a short drive to downtown Raleigh on Hwy 70/401 or major employers in the area like Amazon on the newly widened HWY 40. The current owners have made significant upgrades with over $40K in renovations the last 10 years including a new roof in 2024 and a full gut remodel on both units in 2016 featuring new kitchen and bathroom cabinets and appliances and all new windows throughout. Off-street parking adds extra value, making it even more convenient for residents. Additionally, with no HOA, you save on monthly expenses and retain full control over the property. This property boasts a proven track record and excellent rental history, making it an ideal opportunity for savvy investors.
Location
State NC
County Wake
Interior
Heating Electric
Cooling Electric
Flooring Carpet,Vinyl,Tile
Exterior
View Y/N Yes
Roof Type Shingle
Building
Story 2
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Wake - Aversboro
Middle Schools Wake - East Garner
High Schools Wake - Garner
Others
Special Listing Condition Standard