242 W Academy Street, Wendell NC 27591

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$595,000

242 W Academy Street, Wendell, NC 27591

bedrooms

bathrooms

square feet

2,031

Acreage

0.49

Open Houses

year built

1915

Full Baths

Half Baths

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Own a unique part of Downtown Wendell. This property fronts 3 separate roads: Wendell Blvd, Marshburn Rd, and Academy St. It must be sold with 3169 Wendell Boulevard MLS listing #10059253 (242 W Academy and 3169 Wendell Blvd) and each has separate power and utilities but are on the same parcel. This building is a 2000 sq ft fully renovated historic home, currently offered on VRBO as ''Cottage on the Boulevard''. With 5 years of successful rent roll on VRBO and Airbnb, this property brings in around 45k a year. It is currently zoned residential, but can be converted to commercial. The second building listed in MLS 10059253 is zoned as an office/retail single tenant building that is 1632 sf. This building has also been fully renovated with 4 office/desk spaces, conference table, kitchen and eating area, a classroom that seats 20, and storage . The parking lot is behind this brick building so it does not restrict the parking of the rental house or guests which use the driveway on Academy St. These two buildings are only separated by 6-8 feet so they can not be divided or sold separately. They could easily be combined to create a 4000 sf building, or used as is. The brick building currently generates rental revenue, but you could have your own home office or rent out as a full time retail or office building for additional income. The property is not in the historic district, but benefits from a tax reduction from the age of the property. It is within walking distance of downtown Wendell and has high visibility due to its location on three of the main road interchanges. Showings will need to be arranged around guests as this is a very popular and successful VRBO rental.

Location
Subdivision	Not In A Subdivision
County	Wake
Elementary School	Wake - Wendell
Middle School	Wake - Wendell
High School	Wake - East Wake

Driving directions

Open houses

None scheduled.

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MLS number: 10059250

Listing agent: Amanda G Rivera

Listing broker: Northgroup Real Estate Llc (704) 412-2804

Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Friday, November 8 2024 at 12:48 p.m. EST

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