313 Main St, Knightdale, NC 27545

Property Description

ATTENTION INVESTORS! Rare Duplex offered in Knightdale 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 below market rents. Perfectly situated in a prime location within walking distance to groceries and restaurants and Knightdale Station Park. Knightdale has hundreds of jobs and good schools but is also just a short drive to downtown Raleigh on Hwy 64 or 540. The current owners have made significant upgrades with over $40K in renovations the last 2 years including a new roof in 2023 and a full gut remodel on unit 313 featuring new kitchen and bathroom cabinets and appliances and flooring. A full basement Encapsulation was done in 2023 as well, with an HVAC air handler upgrade for unit 313. All new windows throughout in 2013. 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. Also it currently has a married 2nd lot that has the potential to be developed or separated and sold, or the whole property could possibly be rezoned with surrounding area to be a mixed commercial and residential development on a trophy piece of land in Knightdale.