Logo
Description Open House Details Location Market Trends Schools Recent Sales
$895,000 Est. $3,296 / mo.*

242 W Academy Street Wendell , NC 27591

Courtesy of Creekside Inc/Five County Real, Amanda Rivera.

Description

3 Beds
2 full, 1 half Baths
2,031 Sqft
21,344 Sqft lot
0.49 Acre lot
Status: Pending
Property Type: Single Family Residence
Year Built: 1915
Neighborhood: Not In A Subdivision
Days on Website: 4
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.

Open House

Property Details and Features

Property Access
Road Frontage Type:
"City Street"
Road Surface Type:
"Asphalt"
Appliances & Equipment
Appliances:
"Built-In Range", "Dishwasher", "Microwave", "Refrigerator", "Stainless Steel Appliance(s)"
Bathrooms
2 full bathrooms
1 half bathroom
2.5 total bathrooms
3 total bathrooms
[+] Read More

Contact an Agent

919 380 8066

Location

$895,000 -
242 W Academy Street Wendell , NC 27591
Subdivision Name: Not in a Subdivision

Street View

Nearby Schools

Recent Sales in the Area

Similar Properties Nearby