USANCWake ForestNot in a Subdivision421 Pearce Ave

421 Pearce Ave, Wake Forest, NC

Name: 421 Pearce Ave, For Sale in Wake Forest - Zoocasa
Brand: Coldwell Banker Advantage
SKU: 10178234
Price: 175000 USD

House

For Sale

Listed price in listed location currency (USD).

$175,000

324

MLS® 10178234

Overview

Key Facts

Type Single Family Residence

Levels Residential Income

Size 1482 sqft

Garage

Taxes $1,657

Days Active 15

Lot Size 0.28 Acres

Approx. Age 1901

Avg. Price Per Sqft $118

MLS® Number 10178234

Property Address: 421 Pearce Ave, Wake Forest, NC, 27587-2627

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

Description

Downtown Wake Forest Investment and/or Redevelopment Opportunity Offered in conjunction with 425 Pearce Avenue (MLS# 10142426) and 417 Pearce Avenue (MLS# 10142424) for a combined purchase price of $1, 135, 000, this exceptional investment package presents a unique opportunity in the heart of downtown Wake Forest. The offering includes three parcels totaling approximately 1.67 acres, featuring two fully leased duplexes and one tenant-occupied single-family home, providing immediate rental income with significant long-term upside. Zoned UR (Urban Residential), the properties offer outstanding redevelopment and expansion potential in one of Wake Forest's fastest-growing and most desirable locations. This single-family home fronts Pearce Avenue and is currently leased, making it an income-producing asset today with excellent potential for future redevelopment as a standalone parcel or in combination with the adjacent duplex properties. Just a few blocks from the vibrant downtown district, the property is within close proximity of local restaurants, shopping, parks, and community amenities. With strong existing cash flow, flexible Urban Residential zoning, and a premier location in downtown Wake Forest, this is a great opportunity for investors and developers seeking both immediate returns and future growth potential. House is being sold AS-IS

MLS® Number10178234

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1901

Basement

DrivewayOpen

Garage Spaces

HeatNone, Space Heater

A/CWindow Unit(s)

Extras

How Much House Can I Afford?

Home Estimate Zoopraisal®

This property is estimated to sell between: $175,000 and $530,000.

Similar properties in this area sold on average for: $411,111

Expected to sell in 43 days. Similar properties sold in 58 days. This home has been on Zoocasa for 15 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Map

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