tomo logo

$399,999

Beds
4
Baths
3.0
sq ft
1,905

603 Curtiss Drive, Garner, NC 27529

603 Curtiss Drive

Garner, NC 27529

  • 28 days on market
    • Price drop $25,001↓
Calling all investors! This is a rare opportunity to own a fully leased income-generating property in the thriving suburb of Garner, NC, just minutes from Raleigh. This single-family home features two separate leases, bringing in over $2,800 per month in rental income. The main portion of the home includes 3 bedrooms and 2 full baths, currently under lease, while a separate 1 bedroom, 1 bath suite with a kitchenette is also leased, offering great flexibility for tenants. With over $80,000 in renovations recently completed, this property is turn-key and ready to provide steady cash flow. Updates include new windows, the addition of a second washer/dryer connection, the addition of a 2nd kitchen and the conversion of a half bath to a full bath, ensuring modern conveniences for tenants. Located close to major highways, large employers like Amazon, and NC State University, this home is perfectly situated in a rapidly growing area with high rental demand. Don't miss out on this fantastic investment opportunity! The main level includes 3 bedrooms with direct access to a large rear deck, perfect for relaxing or entertaining. The lower level features 1 bedroom, 1 bath, and a kitchenette The home has been updated with a modern kitchen and bathrooms, as well as new windows. The large backyard offers a great space for entertaining, and there's a spacious storage shed for added convenience. Lot provides room to grow with no HOA. This property is full of opportunity, and additional income potential. Close to major highways, downtown Raleigh and major employers such as Amazon.

Details

Property type

Single Family Residence

Est. home value

$315,701

Property condition

Updated/Remodeled

Lot size

0.29 acres

Price per sq ft

$210

Year built

1965

Annual property taxes

$2,008.92

Price History

09/10/2024
TriangleMLS

TriangleMLS #10046987

Price change
$399,999
-5.88%
08/15/2024
TriangleMLS

TriangleMLS #10046987

Listed
$425,000
+37.1%
03/17/2022
TriangleMLS

TriangleMLS #2424000

Sold
$310,000
+150%

Schools & Community

Elementary school: 

Wake - Yates Mill

Middle school: 

Wake - North Garner

High school: 

Wake - Middle Creek

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

$146,942
Asking price
$399,999
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$221,057
Cash to seller
$146,942

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

March 2022

Original loan amount

$232,000

Est. remaining balance

$221,057

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Isabelle P Bates and Lawrence I Bates

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?

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Status: Active

Tomo last checked: 09/13/2024 at 7:20 AM

Listing updated: 09/11/2024 at 1:40 PM

Listed by: Wendy Jean Mitchel, Be Home Realty Phone #: (919) 307-9808

MLS: TriangleMLS #10046987

TriangleMLS logo

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