Active

242 W Academy Street

Wendell NC, 27591

$595,000


$292.96 per sqft

Active

3 Beds

3 Baths

2,031 sqft

Residential

Built in 1915

Listing courtesy of NorthGroup Real Estate, Inc.

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.

10059250

MLS ID

October 19, 2024

Listed

October 22, 2024

Updated

Map

242 W Academy Street
Wendell NC, 27591

Interior Features

Total Stories

1


Bedrooms

3


Total Bathrooms

3


Full Bathrooms

2


Half Bathrooms

1


Interior Features

Apartment/Suite, Bathtub/Shower Combination, Ceiling Fan(s), Eat-in Kitchen, Granite Counters, Smooth Ceilings


Appliances

Built-In Electric Oven, Built-In Range, Dishwasher, Microwave, Refrigerator, Stainless Steel Appliance(s)


Laundry Description

In Hall


Floor Description

Ceramic Tile, Hardwood, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Gas


Heating

Yes


Heating Description

Forced Air, Gas Pack

Exterior/Building Features

Lot Size

0.49 Acres


Exterior Features

Fenced Yard


Lot Features

City Lot, Level


Architectual Style

Cottage


Roof

Shingle


Sewer

Public Sewer

School Information

High School

Wake - East Wake


Elementary School

Wake - Wendell

Other Property Details

Taxes

$2,274


Tax Frequency

Annually


Days on Market

2


Garage

No


Parking

Additional Parking, Parking Lot


View

Yes


View Description

Downtown


County

Wake


Water Source

Public


Pool

No


Zoning

Residential

Listed by Amanda G Rivera, , NorthGroup Real Estate, Inc.

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Data last updated 12:41 AM UTC, 10/22/2024

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