$550,000

314 Culvert Street, Apex, NC 27502

  • 4 beds |
  • 4 baths |
  • 2,021 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1974
  • Property Lot Size Icon10,019sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $272/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Don't miss this exceptional chance to own a two-unit residence ideally situated in the vibrant and rapidly growing downtown district of Apex.Since 2017, the owners have completed an exterior facelift with new fiber cement siding and trim, windows and front door (Unit 4), replaced sliding doors and rebuilt decks and HVAC systems. Unit 4 (left side) has undergone an interior renovation including updated flooring, cabinetry, appliances, countertops, and fixtures. Unit 3 (right side) is occupied by a long-term, month-to-month tenant and has not been renovated. Unit 4 is currently operating as a successful turnkey short-term rental, averaging $2,300/month in income for 2023-24. This unit is being sold fully furnished offering immediate income potential with no additional investment required.Apex has seen nearly 18% population growth since 2020, and the greater Triangle region continues to attract over 56 new residents daily, driving strong demand for both short- and long-term rentals. This property offers a unique blend of immediate cash flow, flexibility, and long-term appreciation potential. Property is being sold as-is.

Listing Status:
Pending
Listing Office:
Berkshire Hathaway HomeService : 919-859-3300
Listing Agent:
Beth Randall : 919-606-5001
MLS ID:
10096877

This listing courtesy of Beth Randall, Berkshire Hathaway HomeService

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Baucom Elementary School

400 Hunter St, Apex, NC, 27502

Grades PK-5

0.62 miles away

A

Apex Middle School

400 E Moore St, Apex, NC, 27502

Grades 6-8

0.29 miles away

A

Apex High School

1501 Laura Duncan Rd, Apex, NC, 27502

Grades 9-12

1.17 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.