314 Culvert Street Pending Save Request In-Person Tour Request Virtual Tour
Apex,NC 27502
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,021 sqft
Price per Sqft $272
Subdivision Not In A Subdivision
MLS Listing ID 10096877
Style Duplex
Bedrooms 4
Full Baths 2
Half Baths 2
Year Built 1974
Annual Tax Amount $3,918
Lot Size 10,018 Sqft
Property Sub-Type Duplex
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.
Location
State NC
County Wake
Interior
Heating Forced Air,Gas Pack
Cooling Central Air
Flooring Carpet,Laminate,Vinyl
Laundry In Unit
Exterior
Exterior Feature Private Yard
Fence None
Pool None
Community Features None
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N Yes
Roof Type Metal
Building
Lot Description Few Trees
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Cement Siding
New Construction No
Schools
Elementary Schools Wake - Apex Elementary
Middle Schools Wake - Apex
High Schools Wake - Apex
Others
Special Listing Condition Standard