$389,900
bedrooms
4
bathrooms
3
square feet
2,120
Acreage
0.37
Open Houses
-
year built
1978
Full Baths
2
Half Baths
1
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 | |
Subdivision | Malibu Valley |
County | Wake |
Elementary School | Wake - Aversboro |
Middle School | Wake - East Garner |
High School | Wake - Garner |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 10085806
Listing agent:
Matt Perry
Listing broker:
Keller Williams Elite Realty
(984) 244-5835
Copyright © 2025 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.
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Last update: Monday, March 31 2025 at 8:55 p.m. EDT
Kotohomes National
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