This duplex at 613/615 Wait Ave, is located in close proximity to downtown Wake Forest and the campus of Southeastern Baptist Theological Seminary. Built in 1985, the two-story design features two identical townhome-style floorplans. Each unit has two-bedrooms, two-and-a-half-bathrooms, and its own garage. Both units at the property are currently occupied and are on month-to-month leases. Current rents are well below market but could be increased significantly with light value-add improvements as the units have been well-maintained. Current ownership has made recent improvements to the property that include the following: new roof (2019), new water heaters (2019), new windows (2019), and new rear decks (2021). The property has polybutylene plumbing. This offering presents an opportunity for an investor to acquire a well maintained duplex with significant income upside in a highly-sought after location.
613-615 Wait Avenue, Wake Forest, NC 27587
Features & Amenities
Flooring Carpet, Tile
Area & Lot
Elementary SchoolWake County Schools
Middle SchoolWake County Schools
High SchoolWake County Schools
HEAT TYPEForced Air, Natural Gas
AIR CONDITIONINGCentral Air
Real Estate Tax$2,632/yr
May began her career working for the American Embassy as a Childcare Development and Daycare Manager.