1505 Harth Drive, Unit A & B
$399,995
4
2
1
2,052
2,052
$195
Description
Investor special with huge Value Add potential! Current owner has long term tenants with below market rents in high growth areas. A new owner can realize a significant upside and could reach a 7.25% Cap rate with small investment in items like new flooring and paint and bringing the units up to current market rates estimated to be $1,795. This income producing duplex is part of a portfolio of 6 buildings which include 12 leased units. 1505 Harth Dr includes Unit A - 2 beds 1 baths and Unit B - 2...Investor special with huge Value Add potential! Current owner has long term tenants with below market rents in high growth areas. A new owner can realize a significant upside and could reach a 7.25% Cap rate with small investment in items like new flooring and paint and bringing the units up to current market rates estimated to be $1,795. This income producing duplex is part of a portfolio of 6 buildings which include 12 leased units. 1505 Harth Dr includes Unit A - 2 beds 1 baths and Unit B - 2 beds 1.5 baths for a total of 2,052 square feet . This property can only be sold as part of the portfolio listed at $2,999,995 with a 5.73% Cap rate. Buildings sold as part of this portfolio are listed under the following MLS numbers: 10054463, 1054486, 10054497, 10054505, 10054514
Garner, NC, is a rapidly growing town located just 10 minutes south of downtown Raleigh, offering a perfect balance between small-town charm and urban convenience. With its close proximity to the Research Triangle Park and Raleigh's thriving job market, Garner has become a desirable destination for individuals seeking affordable housing and easy access to employment opportunities. Thousands of new jobs have been created in the area, including at the recently completed Amazon warehouse, fueling further economic growth. Garner is conveniently located near I-40, I-440, and I-540, with ongoing work toward the completion of the 540 beltline, which will provide an even easier commute. The recent completion of the widening of Hwy 440 has also eased traffic to Raleigh, while improved access along Hwy 40 through Garner toward Fayetteville has eliminated gridlock, further enhancing commuter routes. The town's steady growth is driven by its strong ties to industries like tech, healthcare, and education. Garner also boasts a welcoming community, expanding retail options, and abundant parks, making it an attractive place to live and work. Garner is also close to the explosion of growth in Johnston and Harnett Counties. Investing in income-producing duplexes is a smart move, especially in today's market. Duplexes offer the unique advantage of generating rental income from two units on a single property, increasing your cash flow potential. As demand for affordable housing continues to rise, particularly in growing markets like the Triangle, duplexes appeal to both tenants and investors due to their affordability and versatility. Please no tours as tenants do not want property shown. Tours by appointment only. Do not knock on doors
Garner, NC, is a rapidly growing town located just 10 minutes south of downtown Raleigh, offering a perfect balance between small-town charm and urban convenience. With its close proximity to the Research Triangle Park and Raleigh's thriving job market, Garner has become a desirable destination for individuals seeking affordable housing and easy access to employment opportunities. Thousands of new jobs have been created in the area, including at the recently completed Amazon warehouse, fueling further economic growth. Garner is conveniently located near I-40, I-440, and I-540, with ongoing work toward the completion of the 540 beltline, which will provide an even easier commute. The recent completion of the widening of Hwy 440 has also eased traffic to Raleigh, while improved access along Hwy 40 through Garner toward Fayetteville has eliminated gridlock, further enhancing commuter routes. The town's steady growth is driven by its strong ties to industries like tech, healthcare, and education. Garner also boasts a welcoming community, expanding retail options, and abundant parks, making it an attractive place to live and work. Garner is also close to the explosion of growth in Johnston and Harnett Counties. Investing in income-producing duplexes is a smart move, especially in today's market. Duplexes offer the unique advantage of generating rental income from two units on a single property, increasing your cash flow potential. As demand for affordable housing continues to rise, particularly in growing markets like the Triangle, duplexes appeal to both tenants and investors due to their affordability and versatility. Please no tours as tenants do not want property shown. Tours by appointment only. Do not knock on doors
- Listed by Paulina Bohorquez • Keller Williams Realty
Property Details for 1505 Harth Drive, Unit A & B
View
Yes
SubdivisionMalibu Valley
LISTING UPDATED: 09/25/2024 05:08 PM
Property Details for 1505 Harth Drive, Unit A & B
Status | Active |
---|---|
MLS # | 10054522 |
Days on Market | 58 |
Taxes | $3,682 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Duplex |
Year Built | 1978 |
Lot Size | 0.51 AC / 22,215 SF |
County | Wake County |
Building Information for 1505 Harth Drive, Unit A & B
Stories2Residences2Year Built1978Building Size-Lot Size0.51 AC / 22,215 SF
Property Information for 1505 Harth Drive, Unit A & B
Property History for 1505 Harth Drive, Unit A & B
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1505 Harth Drive, Unit A & B
This home is within Wake County School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 13 |
Rating | School | Distance |
---|---|---|
Aversboro Elementary PublicPK to 5 | ||
East Garner Middle Public6 to 8 | ||
Garner High Public9 to 12 | ||
Vernon Malone College and Career Academy Public9 to 13 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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