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$950,000
34 Days Online

242 W Academy Street
Wendell, NC 27591

For Sale|Farm|Active
3
Beds
2
Full Baths
1
Partial Bath
2,031
SqFt
$468
/SqFt
1915
Built
County:
Wake
Call Now: 919-819-3956
Is this the home for you? We can help make it yours.
919-819-3956
242 W Academy Street242 W Academy Street242 W Academy Street242 W Academy Street
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Monthly Payment (Est.)

$4,334
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Own a unique part of Downtown Wendell. This property fronts 3 separate roads: Wendell Blvd, Marshburn Rd, and Academy St. It has a separate address for each building (242 W Academy and 3169 Wendell Blvd) and each has separate power and utilities. The first 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 is zoned as an office/retail single tenant building that is 1632 sf. This building has also been fully renovated with 4 office/deck 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 could be used or rented out as a full time retail or office building. 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.

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Listing Snapshot
Price 
$950,000
Days Online 
34 Days
Bedrooms 
3
Inside Area (SqFt) 
2,031 sqft
Total Baths 
3
Full Baths 
2
Partial Baths 
1
Lot Size 
0.49 Acres
Year Built 
1915
MLS® Number 
10030631
Status 
Active
Property Tax 
$2,350
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Appraiser
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
a month agoListing first seen online
General Features
Style 
Cottage
Construction 
BrickVinyl Siding
Parking 
Additional ParkingParking Lot
Sewer 
Public Sewer
Number of Stories 
1
Acreage 
0.49
Water 
Public
Property Sub Type 
Ranch
Attached Garage 
No
Utilities 
Cable AvailableCable ConnectedNatural Gas AvailableNatural Gas ConnectedSewer ConnectedWater Connected
Foundation 
Brick/ MortarPermanent
Zoning 
MIXED USE
Interior Features
Cooling 
Central AirGas
Heating 
Forced AirGas Pack
Appliances 
Built- In RangeDishwasherMicrowaveRefrigeratorStainless Steel Appliance(s)
Flooring 
Ceramic TileHardwoodVinyl
Interior 
Apartment/SuiteBathtub/Shower CombinationCeiling Fan(s)Eat-in KitchenGranite CountersSmooth Ceilings
Laundry Features 
In Hall
Window Features 
Insulated Windows
Fireplace 
No
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Exterior Features
Roof 
Shingle
View 
Downtown
Fencing 
Chain LinkWood
Exterior 
Fenced Yard
Patio And Porch 
CoveredFront PorchPorchSide Porch
Road Frontage 
City Street
Other Structures 
Second Residence
Community Features
Community Features 
Sidewalks
Schools
School District
Unknown
Elementary School
Wake - Wendell
Middle School
Wake - Wendell
High School
Wake - East Wake
Listing courtesy of Amanda G Rivera of NorthGroup Real Estate, Inc.



Listings that are marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Copyright 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2024-06-24 07:40 PM UTC

Neighborhood & Commute
Source: Walkscore
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