REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sherry Johnson Allen

sherryjallenrealtor@gmail.com +1(919) 200-2135

Listed by Creekside Inc/Five County Real

$ 895,000

Est. payment -/mo

Save

Active

242 W Academy ST Wendell, NC 27591

3 Beds

3 Baths

3,632 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,632 sqft

Price per Sqft $246

Subdivision Not In A Subdivision

MLS Listing ID 10151284

Style Cottage

Bedrooms 3

Full Baths 2

Half Baths 1

HOA Y/N No

Year Built 1915

Annual Tax Amount $3,667

Lot Size 3,632 Sqft

Acres 0.49

Property Sub-Type Single Family Residence

Source Doorify MLS

Land Area 3632

Property Description

Seller Financing Available with 65% down. 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.

Location

State NC

County Wake

Community Not In A Subdivision

Area 0.49

Zoning MIXED USE

Interior

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

Cooling Central Air, Gas Pack

Flooring Ceramic Tile, Hardwood, Luxury Vinyl

Fireplace No

Appliance Microwave, Dishwasher

Exterior

Exterior Feature Fenced Yard

Parking Features Additional Parking, Parking Lot

Garage Spaces 10.0

Fence Fenced Yard

Community Features Sidewalks

Utilities Available Cable Available, Cable Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected

View Downtown

Roof Type Shingle

Total Parking Spaces 10

Garage No

Building

Lot Description City Lot, Level

Story One

Foundation Brick/Mortar, Permanent

Water Public

Architectural Style Cottage

New Construction No

Schools

Elementary Schools Wake - Wendell

Middle Schools Wake - Wendell

High Schools Wake - East Wake

Others

Senior Community No

Tax ID 0070924

Security Features Carbon Monoxide Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Sherry Johnson Allen

Broker | License ID: 179509

+1(919) 200-2135 | sherryjallenrealtor@gmail.com

Sherry Johnson Allen

242 W Academy ST Wendell, NC 27591

Key Details

Location

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

242 W Academy ST