242 West Academy Street
Wendell, NC 27591
$575,000
Price
3
Beds
3
Baths
2,031 Sq. Ft.
$283 / Sq. Ft.
2,031
Sq. Ft.
$283
per Sq. Ft.
Description
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...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.
- Listed by Amanda Rivera • NorthGroup Real Estate, Inc.
Property Details for 242 West Academy Street
View
Downtown
ViewYes
SubdivisionNot in a Subdivision
LISTING UPDATED: 01/27/2025 02:55 PM
Property Details for 242 West Academy Street
| Status | Active |
|---|---|
| MLS # | 10059250 |
| Days on Market | 119 |
| Taxes | $2,274 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | - |
| MLS Type | - |
| Year Built | 1915 |
| Lot Size | 0.49 AC / 21,344 SF |
| County | Wake County |
Building Information for 242 West Academy Street
Stories-Residences-Year Built1915Lot Size0.49 AC / 21,344 SF
Property Information for 242 West Academy Street
Summary
Location and General Information
- Zoning: Residential
- Directions: Take Wendell Blvd to corner of Academy and Wendell Blvd. On the corner of Wendell Blvd and Marshburn Rd also.
- Subdivision Name: Not in a Subdivision
- Latitude: 35.786305
- Longitude: -78.374014
- Road Frontage Type: City Street
- Road Surface Type: Asphalt
Taxes and HOA Information
- Association: No
- Tax Annual Amount: $2,274.00
- City Limits Of: Wendell
- City Limits YN: Yes
- Lot Number: 0
- Restrictive Covenants YN: No
Contract Information
- Comp Sale YN: No
- Lease Expiration Date: 2024-12-31
- Original MLS: Triangle MLS Inc
- Property Leased YN: Yes
- Years Owned: 1 or More Year(s)
School Information
- Elementary School: Wake - Wendell
- Middle Or Junior School: Wake - Wendell
- High School: Wake - East Wake
Parking
- Open Parking: Yes
- Parking Features: Additional Parking, Parking Lot
- Attached Garage: No
- Garage: No
Property
Lot Information
- Building Area Total: 2031.0
- Building Name: Cottage on the Boulevard
- Lot Features: City Lot, Level
- Architectural Style: Cottage
- Other Area Above Grade: 0
- Total Other Area Sq Ft: 0
- Other Structures: Second Residence
- Parcel Number: 0070924
- Structure Type: House, Mixed Use, Retail, Site Built
- Above Grade Unfinished Area Source: Appraiser
- Enhanced Accessible: No
- Power Production YN: No
- Primary Residence YN: No
Property and Assessments
- New Construction: No
- Photos Count: 34
- Above Grade Finished Area Source: Appraiser
- Below Grade Finished Area: 0.0
- Below Grade Finished Area Units: Square Feet
- Common Walls: No Common Walls
- Community Features: Sidewalks
- Property Condition: Updated/Remodeled
Utilities
- Sewer: Public Sewer
- Utilities: Cable Available, Cable Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected
- Water Source: Public
- Water_Sewer: Public, Public Sewer, Cable Available, Cable Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
- Construction Materials: Brick, Vinyl Siding
- Exterior Features: Fenced Yard
- Fencing: Chain Link, Wood
- Foundation Details: Brick/Mortar, Permanent
- Patio And Porch Features: Covered, Front Porch, Porch, Side Porch
- Pool Private: No
- Roof: Shingle
- Security Features: Carbon Monoxide Detector(s)
- New Construction Type: Brick, Vinyl Siding, House, Mixed Use, Retail, Site Built
Interior Features
- Levels: One
- Fireplace Y N: No
- Flooring: Ceramic Tile, Hardwood, Vinyl
- Windows Treatment: Insulated Windows
- Cooling: Central Air, Gas
- Cooling?: Yes
- Heating: Forced Air, Gas Pack
- Heating?: Yes
- Appliances: Built-In Electric Oven, Built-In Range, Dishwasher, Microwave, Refrigerator, Stainless Steel Appliance(s)
- Laundry Features: In Hall
- Interior Features: Apartment/Suite, Bathtub/Shower Combination, Ceiling Fan(s), Eat-in Kitchen, Granite Counters, Smooth Ceilings
- Equipment Appliances: Built-In Electric Oven, Built-In Range, Dishwasher, Microwave, Refrigerator, Stainless Steel Appliance(s)
- Interior: Cable Available, Cable Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected, Additional Parking, Parking Lot, Brick, Vinyl Siding, In Hall, Carbon Monoxide Detector(s)
- Equipment: Built-In Electric Oven, Built-In Range, Dishwasher, Microwave, Refrigerator, Stainless Steel Appliance(s), In Hall, Additional Parking, Parking Lot
Room Information
Room Information
- Rooms Total: 6.0
Room 1
- Room Description: Half Bath
- Room Level: Main
- Room Type: Bathroom 3
Room 2
- Room Description: Classroom
- Room Level: Main
- Room Type: Other
Room 3
- Room Description: Kitchenette
- Room Level: Main
- Room Type: Other
Room 4
- Room Level: Main
- Room Type: Primary Bedroom
Room 5
- Room Level: Main
- Room Type: Bedroom 2
Room 6
- Room Level: Main
- Room Type: Bedroom 3
Room 7
- Room Level: Main
- Room Type: Primary Bathroom
Room 8
- Room Level: Main
- Room Type: Bathroom 2
Room 9
- Room Level: Main
- Room Type: Kitchen
Room 10
- Room Level: Main
- Room Type: Family Room
Room 11
- Room Level: Main
- Room Type: Dining Room
Room 12
- Room Level: Main
- Room Type: Office
Agent
Sale and Listing
- Property Class Name: CrossProperty
Rental
Rental Information
- Lease Term: Short Term Lease
Property History for 242 West Academy Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 242 West Academy Street
Taxable ValueLand$235,224Additions$108,949Total$344,173
Tax Record2024$3,678 ($306 / month)
Home Facts
Baths2Total Finished SqFt1,999 SqFtAbove Grade Finished SqFt1,999 SqFtStories1Lot Size19,602 SqFtStyleSingle Family ResidenceYear Built1915Year Renovated1960ZoningNCCountyWAKEAPN1784.19-51-6659 0070924
Schools near 242 West Academy Street
This home is within Wake County School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Wendell Elementary PublicK to 5 | ||
Wendell Middle Public6 to 8 | ||
East Wake High School Public9 to 12 | ||
River Oaks Middle Public6 to 8 |
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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Listing Courtesy of NorthGroup Real Estate, Inc.
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