$415,000
$419,900
1.2%For more information regarding the value of a property, please contact us for a free consultation.
100 Madrid CT Garner, NC 27529
6 Beds
4 Baths
2,388 SqFt
Key Details
Sold Price $415,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,388 sqft
Price per Sqft $173
Subdivision Heather Hill Villas
MLS Listing ID 10172157
Sold Date 10/09/26
Bedrooms 6
Full Baths 2
Half Baths 2
HOA Y/N No
Year Built 1981
Annual Tax Amount $3,585
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Duplex
Source Doorify MLS
Land Area 2388
Property Description
Investors, take note! Fully Rented Turnkey Duplex on Corner Lot - No HOA Fees & Immediate Cash Flow! Welcome to 100 Madrid Court, a rare, fully occupied income-generating duplex perfectly positioned on a spacious corner lot in the heart of Garner. This property gives you 100% control over your investment with maximum bottom-line profitability. This low-maintenance two-family property offers immediate cash flow from day one with established tenants already in place. Each side features a functional layout designed for long-term tenant retention, complete with 3 bedrooms each unit, 1.5 baths, comfortable living spaces, fully equipped kitchens (including refrigerator, range, and dishwasher), central air, dedicated washer/dryer hookups. Roof was done in 2020. LVP throughout 1st floor of both units. HVAC around 5 years. The exterior features a sizable 0.29-acre spacious fenced in lot. Tenants pay their own separate utilities (water, sewer, and electric) and yard maintainess. The location offers unbeatable tenant appeal and convenience. Situated just off Timber Drive and Aversboro Road, residents are less than a half-mile walk from everyday essentials like Lowes Foods and ALDI. The property sits minutes from the premier dining and retail at Garner Towne Square, and offers a seamless drive straight down Timber Drive to the massive White Oak Crossing retail center. With immediate access to US-70 and I-40 for a quick commute into downtown Raleigh, this high-demand Wake County location guarantees a strong, consistent tenant pool.
Location
State NC
County Wake
Community Heather Hill Villas
Area 0.29
Zoning MF-A
Interior
Interior Features Laminate Counters
Cooling Ceiling Fan(s), Central Air
Flooring Carpet, Laminate, Luxury Vinyl
Fireplace No
Appliance Range, Dishwasher
Exterior
Exterior Feature Rain Gutters
Parking Features Driveway, Parking Pad
Roof Type Shingle
Garage No
Building
Story Multi/Split, One
Foundation None
Water Public
New Construction No
Schools
Elementary Schools Wake - Aversboro Elementary
Middle Schools Wake - East Garner Middle
High Schools Wake - Garner High
Others
Tax ID 171014340814000 0097391
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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