Bought with Southern Realty Group Inc.
$365,000
$384,900
5.2%For more information regarding the value of a property, please contact us for a free consultation.
1505 Harth Drive Garner, NC 27529
4 Beds
3 Baths
2,120 SqFt
Key Details
Sold Price $365,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,120 sqft
Price per Sqft $172
Subdivision Malibu Valley
MLS Listing ID 10105100
Sold Date 07/29/25
Bedrooms 4
Full Baths 2
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 2,120
Year Built 1978
Annual Tax Amount $3,682
Lot Size 0.370 Acres
Acres 0.37
Property Sub-Type Duplex
Source Triangle MLS
Property Description
ATTENTION INVESTORS! PRICE IMPROVEMENT AND SELLER IS MOTIVATED. 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. New vapor barrier added May 2024; deck was upgraded May, 2025. 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 Wake
Direction Via New Bethel Church Rd. Turn right toward New Bethel Church Rd. Turn right onto New Bethel Church Rd. Turn right onto NC-50 N/Benson Rd. Turn left onto Atchison St. Turn right onto Harth Dr. HOME is on the RIGHT.
Rooms
Basement Crawl Space
Interior
Heating Electric
Cooling Electric
Flooring Carpet, Vinyl, Tile
Exterior
View Y/N Yes
Roof Type Shingle
Porch Deck, Porch
Private Pool No
Building
Faces Via New Bethel Church Rd. Turn right toward New Bethel Church Rd. Turn right onto New Bethel Church Rd. Turn right onto NC-50 N/Benson Rd. Turn left onto Atchison St. Turn right onto Harth Dr. HOME is on the RIGHT.
Story 2
Foundation Other
Sewer Public Sewer
Water Public
Level or Stories 2
Structure Type Brick
New Construction No
Schools
Elementary Schools Wake - Aversboro
Middle Schools Wake - East Garner
High Schools Wake - Garner
Others
Senior Community No
Tax ID 1710540294
Special Listing Condition Standard
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