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USANCWake ForestNotinasubd627 Wait Avenue
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627 Wait Avenue, Wake Forest, NC

House

Sold

Listed price in listed location currency (USD).
$452,000
$399,000

000

MLS® TR2522536

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential
Size 2520 sqft
Garage 
Taxes 
Lot Size 
Approx. Age 1985
Avg. Price Per Sqft $158
MLS® Number TR2522536

Property Address: 627 Wait Avenue, Wake Forest, NC, 27587

Average square foot calculated using Size range provided by listing agent.

Description

This duplex at 627/629 Wait Ave, is located in close proximity to downtown Wake Forest and the campus of Southeastern Baptist Theological Seminary. The property is fully-leased with $2, 300 in gross monthly rent. Current rents are below market but could be increased significantly with strategic improvements. Post-renovation market rents are estimated to be $1, 800 per unit. 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. Utilities are individually metered and are paid by the residents. The neighboring duplex, 621/623 Wait Ave, is owned by the same owner and is also up for sale. These two duplexes can be bought individually or as a package. Both of these duplexes present a excellent value-add opportunity in a highly-desirable location.
MLS® NumberTR2522536
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1985
BasementCrawl Space
DrivewayOff Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Jul 28, 2023End Date
$452,000Sold Price

Sold

Apr 1, 2026List Date
$399,000List Price
  • Commute

Commute

Starting Address
Destination Address
627 Wait Avenue, Wake Forest, NC

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