417 Pearce Ave - Multi-Family FOR SALE


Wake Forest, NC 27587- Outer Northern Outlying
$1,300,000 USD
919-830-7184

NO PHOTO

$1,300,000 USD
Multi-Family - FOR SALE
null | Request Cap Rate

417 Pearce Ave
Wake Forest, NC 27587
Outer Northern Outlying


OVERVIEW

Two duplexes and one single family home (5 total units) available in the heart of downtown Wake Forest. Each duplex is 2600 total sq ft and built in 2004. The single family home is 1482 sq. ft. and built in the 1920’s. The three parcels total 1.68 acres. Tenants have been in place for many years. Seller is open to a buyer purchasing only one or two of the properties, and not all three properties if preferred. The combined properties have infill development potential. The total offering consists of the properties at 417, 419, 421, 425 & 427 Pearce Street in Wake Forest. Please contact Eddie Speas at 919-414-2580 for more detail.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$494 USD /SF

# OF UNITS

5

PRICE/UNIT

$260,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multifamily- Possible Redevelopment site

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2004

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

UR

APN/PARCEL ID

1841.19-61-2743-000

ASK ABOUT THIS PROPERTY

Scott Hurst CCIM, PLSColdwell Banker AdvantageMore Info
919-830-7184

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Scott Hurst CCIM, PLSColdwell Banker AdvantageMore Info
919-830-7184

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.