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Shenandoah Nieuwsma, PhD

shen@shenrealestate.com +1(919) 428-3552

Listed by CHK Realty

$ 419,900

Est. payment | -/mo

6 Beds

4 Baths

2,388 SqFt

Save

$ 419,900

Est. payment | -/mo

Save

6 Beds

4 Baths

2,388 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,388 sqft

Price per Sqft $175

Subdivision Heather Hill Villas

MLS Listing ID 10172157

Bedrooms 6

Full Baths 2

Half Baths 2

HOA Y/N No

Year Built 1981

Annual Tax Amount $3,585

Lot Size 2,388 Sqft

Acres 0.29

Property Sub-Type Duplex

Source Doorify MLS

Land Area 2388

Property Description

Investors, take note! Fully Rented Turnkey Duplex on Corner Lot - No HOA Fees & Immediate Cash Flow! Welcome to 100 Madrid Court, a rare, fully occupied income-generating duplex perfectly positioned on a spacious corner lot in the heart of Garner. This property gives you 100% control over your investment with maximum bottom-line profitability. This low-maintenance two-family property offers immediate cash flow from day one with established tenants already in place. Each side features a functional layout designed for long-term tenant retention, complete with 3 bedrooms each unit, 1.5 baths, comfortable living spaces, fully equipped kitchens (including refrigerator, range, and dishwasher), central air, dedicated washer/dryer hookups. Roof was done in 2020. LVP throughout 1st floor of both units. HVAC around 5 years. The exterior features a sizable 0.29-acre spacious fenced in lot. Tenants pay their own separate utilities (water, sewer, and electric) and yard maintainess. The location offers unbeatable tenant appeal and convenience. Situated just off Timber Drive and Aversboro Road, residents are less than a half-mile walk from everyday essentials like Lowes Foods and ALDI. The property sits minutes from the premier dining and retail at Garner Towne Square, and offers a seamless drive straight down Timber Drive to the massive White Oak Crossing retail center. With immediate access to US-70 and I-40 for a quick commute into downtown Raleigh, this high-demand Wake County location guarantees a strong, consistent tenant pool.

Location

State NC

County Wake

Community Heather Hill Villas

Area 0.29

Zoning MF-A

Interior

Interior Features Laminate Counters

Cooling Ceiling Fan(s), Central Air

Flooring Carpet, Laminate, Luxury Vinyl

Fireplace No

Appliance Range, Dishwasher

Exterior

Exterior Feature Rain Gutters

Parking Features Driveway, Parking Pad

Roof Type Shingle

Garage No

Building

Story Multi/Split, One

Foundation None

Water Public

New Construction No

Schools

Elementary Schools Wake - Aversboro Elementary

Middle Schools Wake - East Garner Middle

High Schools Wake - Garner High

Others

Tax ID 171014340814000 0097391

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(919) 428-3552

shen@shenrealestate.com

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100 Madrid CT Garner, NC 27529