tomo logo

$389,900

Beds
4
Baths
2.5
sq ft
2,120

1505 Harth Drive, Garner, NC 27529

1505 Harth Drive

Garner, NC 27529

  • 2 days on market
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.

Details

Property type

Duplex

Est. home value

$354,986

Lot size

0.37 acres

Price per sq ft

$184

Year built

1978

Annual property taxes

$3,682.05

Price History

03/31/2025
TriangleMLS

TriangleMLS #10085806

Listed
$389,900
+156.51%
09/09/2013
TriangleMLS

TriangleMLS #1882653

Sold
$152,000
+6.29%
07/16/2002
TriangleMLS

TriangleMLS #605515

Sold
$143,000

Schools & Community

Elementary school: 

Wake - Aversboro

Middle school: 

Wake - East Garner

High school: 

Wake - Garner

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$279,664
Asking price
$389,900
Closing costs (~8% of asking)
-$31,192
Est. remaining loan balance
-$79,044
Cash to seller
$279,664

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Mortgage Tomek

Loan start date

July 2013

Original loan amount

$106,400

Est. remaining balance

$79,044

Interest rate

3.98%

Loan type

New Conventional, 30 year

Seller

Alexander D Tomek and Kerrin Tomek

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/02/2025 at 4:50 PM

Listing updated: 04/02/2025 at 4:11 PM

Listed by: Matt Perry, Keller Williams Elite Realty Phone #: (984) 244-5830

MLS: TriangleMLS #10085806

TriangleMLS logo

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