$435,000
●
House -
Off Market
1225 Davis Drive
Apex, NC 27523
3 Beds
1 Bath
960 Ft²
$2,345
Est. Monthly
5.63%
Cap Rate
About This Property
LOCATION...LOCATION is what its about here. A Wake County home in
the APEX ETJ on a 1.5 acre lot! This property was originally 2 lots
that have been combined- this could provide a great
opportunity to revitalize this tiny home or remove & build your
dream home on a beautiful large level lot convenient to everything
- sort drive into RTP, Cary, Raleigh. No records could be located
for original septic but 2nd septic for a mobile home that was added
in 1981 is available.
There are 2 single mobile homes on property used as storage that would have to be removed for any financing. There is also a storage barn at back of lot. Come view with an eye open to the possibilities! PLEASE do not come on property without permission! Property will be sold AS IS!
There are 2 single mobile homes on property used as storage that would have to be removed for any financing. There is also a storage barn at back of lot. Come view with an eye open to the possibilities! PLEASE do not come on property without permission! Property will be sold AS IS!
Unit Size
960 Ft²
Days on Market
-
Land Size
1.50 acres
Price per sqft
$469
Property Type
House
Property Taxes
$135
HOA Dues
-
Year Built
1958
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (TMLS #10038049)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 15, 2024 | Sold | ||
| Sold | |||
| Jun 26, 2024 | Listed by HomeTowne Realty | $450,000 | |
| Listed by HomeTowne Realty | |||
| | |||
|
LOCATION...LOCATION is what its about here. A Wake County home in the APEX ETJ on a 1.5 acre lot! This property was originally 2 lots that have been combined- this could provide a great opportunity to revitalize this tiny home or remove & build your dream home on a beautiful large level lot convenient to everything - sort drive into RTP, Cary, Raleigh. No records could be located for original septic but 2nd septic for a mobile home that was added in 1981 is available.
There are 2 single mobile homes on property used as storage that would have to be removed for any financing. There is also a storage barn at back of lot. Come view with an eye open to the possibilities! PLEASE do not come on property without permission! Property will be sold AS IS!
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Wake
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Listed by: Kaye Hatch, HomeTowne Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10038049
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10038049
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