$530,000
●
House -
Off Market
501 Pate Street
Apex, NC 27502
3 Beds
2 Baths,
1
Half Bath
1,662 Ft²
$2,808
Est. Monthly
4.47%
Cap Rate
About This Property
Exciting opportunity to live in the heart of vibrant downtown Apex!
This home boasts endless thoughtful updates. Downstairs the floor
plan is bright and functional with a bay window eat-in kitchen and
updated half bath. Designated home office space could be easily
converted to a fourth bedroom or formal dining room. Upstairs the
primary suite features a fully renovated primary bathroom and large
walk in closet with built-ins. Much of the heavy lifting is done
here including newer roof (2021), windows (2022), siding (2022),
two renovated bathrooms (2023), and sealed crawlspace with
dehumidifier (2024). Recent cosmetic upgrades also include smooth
ceilings and new engineered hardwood flooring throughout. Living
space flows outdoors to the large screened porch ready to enhance
your summertime enjoyment. The expansive, flat and fully fenced
back yard is the perfect blank canvas for lawn and garden
enthusiasts.
Unit Size
1,662 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$310
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
1993
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Cap Rate Calculator
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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: 2 years ago (TMLS #10032432)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 27, 2024 | Sold | ||
| Sold | |||
| May 30, 2024 | Listed by Nest Realty of the Triangle | $515,000 | |
| Listed by Nest Realty of the Triangle | |||
| Jul 28, 2023 | Sold | ||
| Sold | |||
| Jun 28, 2023 | Listed by Nest Realty of the Triangle | $455,000 | |
| Listed by Nest Realty of the Triangle | |||
| Jul 8, 2003 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
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 Apex
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Listed by: Julia Newbold, Nest Realty of the Triangle
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10032432
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10032432
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