$389,900
For Sale

1505 Harth Drive

Garner, NC 27529
2120 sqft | 4 beds | 2.5 baths | 0.37 acres | #10085806
Browse 22 photos
Type:Purchase
Structure:Townhouse
Zone:Residential

Description

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.

  • Property Details
      • Middle SchoolWake - East Garner
      • Elementary SchoolWake - Aversboro
      • SubdivisionMalibu Valley
      • High SchoolWake - Garner
      • Sewer InformationPublic Sewer
      • StyleTraditional
      • Basement DescriptionCrawl Space
      • CoolingElectric
      • HeatingElectric
      • Property TypePurchase
      • MLS #10085806
      • MLS #10085806
      • RoofShingle
      • Utility SourcePublic
      • Taxes Annual$3,682
      • Cost389900
      • Property SubtypeDuplex
      • Acres0.37
      • Square Feet2120
      • Year Built1978
      • CountyWake
      • Bathrooms2.5
      • Bedrooms4
      • Full Baths2
      • Half Baths1
      • Stories2
      • Basement1

Location

Tarra Jenkins Medley | EDGE RealtyReal Estate Group
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