313 Main Street Pending Save Request In-Person Tour Request Virtual Tour
Knightdale,NC 27545
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,173 sqft
Price per Sqft $202
Subdivision Not In A Subdivision
MLS Listing ID 10085819
Bedrooms 6
Full Baths 2
Year Built 1964
Annual Tax Amount $3,500
Lot Size 0.830 Acres
Property Sub-Type Duplex
Property Description
ATTENTION INVESTORS! Rare Duplex offered in Knightdale 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 below market rents. Perfectly situated in a prime location within walking distance to groceries and restaurants and Knightdale Station Park. Knightdale has hundreds of jobs and good schools but is also just a short drive to downtown Raleigh on Hwy 64 or 540. The current owners have made significant upgrades with over $40K in renovations the last 2 years including a new roof in 2023 and a full gut remodel on unit 313 featuring new kitchen and bathroom cabinets and appliances and flooring. A full basement Encapsulation was done in 2023 as well, with an HVAC air handler upgrade for unit 313. All new windows throughout in 2013. 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. Also it currently has a married 2nd lot that has the potential to be developed or separated and sold, or the whole property could possibly be rezoned with surrounding area to be a mixed commercial and residential development on a trophy piece of land in Knightdale.
Location
State NC
County Wake
Interior
Heating Natural Gas
Cooling Electric
Flooring Vinyl
Exterior
View Y/N Yes
Roof Type Shingle
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Wake - Lockhart
Middle Schools Wake - Neuse River
High Schools Wake - Knightdale
Others
Special Listing Condition Standard