Active

242 W Academy Street

Wendell NC, 27591

$950,000


$467.75 per sqft

Active

3 Beds

3 Baths

2,031 sqft

Residential

Built in 1915

Listing courtesy of NorthGroup Real Estate, Inc.

Own a unique part of Downtown Wendell. This property fronts 3 separate roads: Wendell Blvd, Marshburn Rd, and Academy St. It has a separate address for each building (242 W Academy and 3169 Wendell Blvd) and each has separate power and utilities. The first building is a 2000 sq ft fully renovated historic home, currently offered on VRBO as ''Cottage on the Boulevard''. With 5 years of successful rent roll on VRBO and Airbnb, this property brings in around 45k a year. It is currently zoned residential, but can be converted to commercial. The second building is zoned as an office/retail single tenant building that is 1632 sf. This building has also been fully renovated with 4 office/deck spaces, conference table, kitchen and eating area, a classroom that seats 20, and storage . The parking lot is behind this brick building so it does not restrict the parking of the rental house or guests which use the driveway on Academy St. These two buildings are only separated by 6-8 feet so they can not be divided or sold separately. They could easily be combined to create a 4000 sf building, or used as is. The brick building currently generates rental revenue, but could be used or rented out as a full time retail or office building. The property is not in the historic district, but benefits from a tax reduction from the age of the property. It is within walking distance of downtown Wendell and has high visibility due to its location on three of the main road interchanges. Showings will need to be arranged around guests as this is a very popular and successful VRBO rental.

10030631

MLS ID

May 20, 2024

Listed

August 23, 2024

Updated

Map

242 W Academy Street
Wendell NC, 27591

Interior Features

Total Stories

1


Bedrooms

3


Total Bathrooms

3


Full Bathrooms

2


Half Bathrooms

1


Interior Features

Apartment/Suite, Bathtub/Shower Combination, Ceiling Fan(s), Eat-in Kitchen, Granite Counters, Smooth Ceilings


Appliances

Built-In Range, Dishwasher, Microwave, Refrigerator, Stainless Steel Appliance(s)


Laundry Description

In Hall


Floor Description

Ceramic Tile, Hardwood, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Gas


Heating

Yes


Heating Description

Forced Air, Gas Pack

Exterior/Building Features

Lot Size

0.49 Acres


Exterior Features

Fenced Yard


Lot Features

City Lot, Level


Architectual Style

Cottage


Roof

Shingle


Sewer

Public Sewer

School Information

High School

Wake - East Wake


Elementary School

Wake - Wendell

Other Property Details

Taxes

$2,350


Tax Frequency

Annually


Days on Market

95


Garage

No


Parking

Additional Parking, Parking Lot


View

Yes


View Description

Downtown


County

Wake


Water Source

Public


Pool

No


Zoning

MIXED USE

Listed by Amanda G Rivera, , NorthGroup Real Estate, Inc..

Based on information from Triangle MLS, Inc. as of 8/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify y any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2024 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated 6:41 PM UTC, 8/23/2024

 

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