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Pointe Realty Group

[email protected] +1(919) 614-4360

Listed by Keller Williams Elite Realty

$ 479,900

Est. payment -/mo

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20 Chaney Lane Louisburg, NC 27549

6 Beds

4 Baths

2,352 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,352 sqft

Price per Sqft $204

Subdivision Not In A Subdivision

MLS Listing ID 10085892

Bedrooms 6

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 2,352

Originating Board Triangle MLS

Year Built 2018

Annual Tax Amount $1,968

Lot Size 1.040 Acres

Acres 1.04

Property Sub-Type Duplex

Property Description

ATTENTION INVESTORS! Rare newer stick built Duplex for sale near downtown Louisburg with an in place Cap Rate of 6.8% (1of 4 properties being offered by this seller in this neighborhood see MLS) Purchase 1 or all 4. This home features a mirrored image of the SFR floor plan connected at the garages for privacy and quiet enjoyment of the tenant living spaces. Both units feature a 3bd / 2ba floor plan with almost 1200sq/ft of living space and the duplex sits on almost a full acre of land. This is a great quiet area of Louisburg just outside of downtown on HWY 56. Louisburg offers the best of both worlds like quiet country living with easy access to the amenities, employment opportunities, and the entertainment of a major city like Raleigh just a ½ hour drive away. Louisburg is surrounded by natural beauty, offering plenty of outdoor activities like fishing, hiking, and boating at nearby Lake Royale. Being offered 100% occupied with below market rents. The 6.8% Cap rate is based on current rents and 2024 taxes and insurance numbers assuming a owner operated cash purchase. A new owner could realize a higher cap rate with minor cosmetic CAP X improvements like paint and LVP and push rents higher. These homes were built in 2018 and present tremendous value as there will be little maintenance or upgrades required by a new owner for the next several years. The current owners built this neighborhood and furnished this home with a spacious open floor plan with features tenants request like granite counters and a garage. 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

State NC

County Franklin

Direction via E Nash St and NC-56 E/NC-581 S. Head northeast on S Main St toward W Nash St. Turn right at the 1st cross street onto E Nash St. Continue onto NC-56 E/NC-581 S. Turn left onto Chaney Ln. HOME is on the RIGHT.

Interior

Heating Electric

Cooling Electric

Flooring Carpet, Vinyl

Exterior

Garage Spaces 2.0

View Y/N Yes

Roof Type Shingle

Porch Front Porch, Porch

Garage Yes

Private Pool No

Building

Faces via E Nash St and NC-56 E/NC-581 S. Head northeast on S Main St toward W Nash St. Turn right at the 1st cross street onto E Nash St. Continue onto NC-56 E/NC-581 S. Turn left onto Chaney Ln. HOME is on the RIGHT.

Story 1

Foundation Slab

Sewer Septic Tank

Water Well

Architectural Style Traditional

Level or Stories 1

Structure Type Vinyl Siding

New Construction No

Schools

Elementary Schools Franklin - Louisburg

Middle Schools Franklin - Terrell Lane

High Schools Franklin - Louisburg

Others

Tax ID 2815542326

Special Listing Condition Standard

Pointe Realty Group

+1(919) 614-4360

Pointe Realty Group

20 Chaney Lane Louisburg, NC 27549

Key Details

Location

Interior

Exterior

Building

Schools

Others

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