Garner NC Multi Family for Sale
- Type:
- Ranch
- Sq.Ft.:
- 1,308
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.34 Acres
- Year built:
- 1939
- Baths:
- 1.00
- MLS#:
- 10058791
- Subdivision:
- Not In A Subdivision
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Courtesy: Fonville Morisey/Triangle East
919-772-7240
ADDITIONAL INFORMATION
Welcome to this charming home located in a well-established Garner community, just minutes away from Raleigh and Garner recreational amenities! Enjoy easy access to Garner's new community center, Multiple parks, trails, and picnic shelters right at your doorstep. You'll also find a variety of shops and restaurants nearby for all your dining and shopping needs. Situated on a generous, flat parcel that comprises two lots, this property provides ample space for outdoor activities and future development. With access points from both Bagwell Street and Carroll Drive, the possibilities are endless. This is an opportunity you won't want to miss! Schedule a showing today and make this wonderful home your own!
- Type:
- Duplex
- Sq.Ft.:
- 2,052
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.51 Acres
- Year built:
- 1978
- Baths:
- 3.00
- MLS#:
- 10054522
- Subdivision:
- Malibu Valley
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Courtesy: Keller Williams Realty
919-676-0600
ADDITIONAL INFORMATION
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
Information Not Guaranteed. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or selling. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.
Garner Real Estate
The median home value in Garner, NC is $449,000. This is higher than the county median home value of $434,100. The national median home value is $338,100. The average price of homes sold in Garner, NC is $449,000. Approximately 61.59% of Garner homes are owned, compared to 32.87% rented, while 5.54% are vacant. Garner real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Garner real estate agent to arrange a tour today!
Garner, North Carolina has a population of 30,859. Garner is less family-centric than the surrounding county with 32.45% of the households containing married families with children. The county average for households married with children is 37.3%.
The median household income in Garner, North Carolina is $70,007. The median household income for the surrounding county is $88,471 compared to the national median of $69,021. The median age of people living in Garner is 36.8 years.
Garner Weather
The average high temperature in July is 89.3 degrees, with an average low temperature in January of 29.8 degrees. The average rainfall is approximately 46.2 inches per year, with 2.9 inches of snow per year.