$225,000
↓ $25K (10%)
●
House -
For Sale
1502 Axum Road
Garner, NC 27529
3 Beds
1 Bath
1,016 Ft²
$1,327
Est. Monthly
About This Property
Lights, camera, AXUM! This property is ready for its big debut as a
great all-brick single-level bungalow on 0.2 acres. This could be a
great development play on a double lot in a great part of Garner.
Envision your escape in this exclusive enclave. Bring your vision
for a great renovation project, or add to the growing neighborhood
with potentially two brand new homes on flat lots. This could be
your next big break. Come take a look and see this world of
possibility.
Unit Size
1,016 Ft²
Days on Market
26 days
Land Size
0.20 acres
Price per sqft
$221
Property Type
House
Property Taxes
$222
HOA Dues
-
Year Built
1960
Listed By
Ryan Sabatini
Rich Realty Group
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Cap Rate
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: 12 days ago (TMLS #10195521)
Price History
Property Highlights
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Driveway
Interior Details
Full Bathrooms: 1
Interior Features: Ceiling Fan(s), Crown Molding
Appliances: Dishwasher, Free-Standing Refrigerator, Oven, Range, Range Hood, Refrigerator
Flooring Type: Carpet, Linoleum, Vinyl
Rooms: 1
Exterior Details
Square Footage: 1016
Property Condition: Fixer
Architectural Style: Bungalow
Year Built: 1960
Building Area Total: 1016
Levels: One
Construction Materials: Brick
Lot Features: Few Trees, Level
Lot Size Area: 0.2
Lot Size Units: Acres
Lot Size Acres: 0.2
Lot Size Square Feet: 8712
Water Source: Public
Financial Details
Tax Map Number: 18
Tax Assessed Value: $246,329
Tax Annual Amount: $2,661
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Public Sewer
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 Garner
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Ryan Daniel Sabatini, Rich Realty Group
Last Updated: 12 days ago
Data Source: TMLS, MLS# 10195521
Last Updated: 12 days ago
Data Source: TMLS, MLS# 10195521
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