MLS# 10059250 – 242 W Academy Street, Wendell, NC 27591

$595,000 - 3Br/2Ba - for Sale in Not In A Subdivision, Wendell
Price: $595,000
Beds: 3
Baths: 2 full, 1 half
Living Area SqFt: 2,031
Status: Active
Property Type: Ranch
Lot Size Acres: 0.49
Lot Size SqFt: 21,344
Year Built: 1915
Neighborhood: Not In A Subdivision
Days on Website: 40

Courtesy of NorthGroup Real Estate, Inc., Amanda G Rivera.

Property Description

Own a unique part of Downtown Wendell. This property fronts 3 separate roads: Wendell Blvd, Marshburn Rd, and Academy St. It must be sold with 3169 Wendell Boulevard MLS listing #10059253 (242 W Academy and 3169 Wendell Blvd) and each has separate power and utilities but are on the same parcel. This 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 listed in MLS 10059253 is zoned as an office/retail single tenant building that is 1632 sf. This building has also been fully renovated with 4 office/desk 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 you could have your own home office or rent out as a full time retail or office building for additional income. 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.

Property Details and Features

  • Property Access
  • Road Frontage Type: “City Street”
  • Road Surface Type: “Asphalt”
  • Appliances & Equipment
  • Appliances: “Built-In Electric Oven”, “Built-In Range”, “Dishwasher”, “Microwave”, “Refrigerator”, “Stainless Steel Appliance(s)”
  • Bathrooms
  • 2 full bathrooms
  • 1 half bathroom
  • 2.5 total bathrooms
  • 3 total bathrooms
  • Bedrooms
  • 3 bedrooms
  • Building
  • Building Area Total: 2031
  • Building Area Units: Square Feet
  • Construction Materials: “Brick”, “Vinyl Siding”
  • Living Area Units: Square Feet
  • Living Area: 2031
  • Other Structures: “Second Residence”
  • Structure Type: “House”, “Mixed Use”, “Retail”, “Site Built”
  • Year Built: 1915
  • Community
  • Community Features: Sidewalks
  • Cooling
  • Cooling: “Central Air”, “Gas”
  • Cooling Included
  • Exterior Features
  • Exterior Features: “Fenced Yard”
  • Patio And Porch Features: “Covered”, “Front Porch”, “Porch”, “Side Porch”
  • Fence
  • Fencing: “Chain Link”, “Wood”
  • Floors
  • Flooring: “Ceramic Tile”, “Hardwood”, “Vinyl”
  • Foundation
  • Foundation Details: “Brick/Mortar”, “Permanent”
  • Heating
  • Heating: “Forced Air”, “Gas Pack”
  • Heating Included
  • Interior Features
  • Interior Features: “Apartment/Suite”, “Bathtub/Shower Combination”, “Ceiling Fan(s)”, “Eat-in Kitchen”, “Granite Counters”, “Smooth Ceilings”
  • Laundry
  • Features: “In Hall”
  • Listing
  • Days On Market: 34
  • Lease Term: Short Term Lease
  • Location
  • Subdivision Name: Not in a Subdivision
  • Lot
  • Lot Features: “City Lot”, “Level”
  • Lot Size Acres: 0.49
  • Lot Size Area: 21344.4
  • Lot Size Square Feet: 21344.4
  • Lot Size Units: Square Feet
  • Parcel Number: 0070924
  • Parking
  • Parking Features: Additional Parking, Parking Lot
  • Open Parking
  • Property
  • Property Sub Type: Ranch
  • View: “Downtown”
  • Zoning: Residential
  • Roof
  • Roof: “Shingle”
  • Schools
  • High School: Wake – East Wake
  • Middle Or Junior School: Wake – Wendell
  • Elementary School: Wake – Wendell
  • Sewer
  • Sewer: “Public Sewer”
  • Taxes
  • Tax Annual Amount: 2274
  • Utilities
  • Utilities: “Cable Available”, “Cable Connected”, “Natural Gas Available”, “Natural Gas Connected”, “Sewer Connected”, “Water Connected”
  • Water Source: “Public”
  • Windows
  • Window Features: “Insulated Windows”

Property Map

$595,000 – 242 W Academy Street, Wendell, NC 27591

Street View

Nearby Schools

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