242 West Academy Street

242 West Academy Street

Wendell, NC 27591

$950,000
Price
—
Beds
3,632 Sq. Ft.
$262 / Sq. Ft.
3,632
Sq. Ft.
$262
per Sq. Ft.
a view of a dining area with furniture
a open kitchen with stainless steel appliances granite countertop a stove a sink dishwasher a dining table and chairs with wooden floor
front view of a house with a porch
a front view of a house with a garden
a living room with furniture and a large window
a view of a room with lots of wooden furniture
a bathroom with a sink and mirror
a bedroom with a bed and a television
a bathroom with a double vanity sink mirror and shower
a view of a house with a swimming pool
a view of a yard with a tree
a living room with furniture and a fireplace
a kitchen with granite countertop a table chairs microwave and cabinets
a bathroom with a sink a toilet and a bathtub
a building outdoor space with patio furniture
a view of front door of house with outdoor seating
a view of a entryway
a front view of a house with garden
a view of a balcony with chairs
a house view with a outdoor space
a front view of house with yard and green space
a house that is sitting in the grass with large trees
a living room with furniture and wooden floor
a living room with furniture a rug and a window
a view of living room with granite countertop furniture and flat screen tv
a living room with furniture and a flat screen tv
a living room with furniture and wooden floor
a living room with furniture and a fireplace
a bathroom with a toilet and a shower
a bathroom with a toilet sink and mirror
a living room with furniture a window and a table
a kitchen with a sink cabinets and stove top oven
a view of a workspace with furniture
a living room with furniture and a flat screen tv
a view of a house with a patio
a bathroom with a window
an aerial view of a house with a yard
unknown

Description

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,...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.
  1. Listed by Amanda G Rivera • NorthGroup Real Estate, Inc.
  2. Listed by Amanda G Rivera • Creekside Inc/Five County Real

Property Details for 242 West Academy Street

Waterfront
No
Showings Expected to Begin
05-24-2024
Subdivision
Not in a Subdivision

Location

Listing Courtesy of NorthGroup Real Estate, Inc.; Creekside Inc/Five County Real
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LISTING UPDATED: 05/21/2024 06:13 PM

Property Details for 242 West Academy Street

StatusActive
MLS #10028458
Days on Market21
Taxes$2,274 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1915
Lot Size0.49 AC / 21,344 SF
CountyWake County

Location

Listing Courtesy of NorthGroup Real Estate, Inc.; Creekside Inc/Five County Real
Add your commute

Building Information for 242 West Academy Street

Stories1Residences2Year Built1915Lot Size0.49 AC / 21,344 SF

Payment Calculator

$5,374 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,185

Property Taxes

$190

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 242 West Academy Street

Summary
Location and General Information
  • Zoning: MIXED
  • Directions: Take Wendell Blvd to corner of Academy and Wendell Blvd. On the corner of Wendell Blvd and Marshburn Rd also.
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.786304
  • Longitude: -78.374003
Taxes and HOA Information
  • Tax Annual Amount: $2,274.00
  • City Limits Of: Wendell
  • City Limits YN: Yes
  • Cross Street: Wendell Blvd
  • Lot Number: 0
Contract Information
  • Comp Sale YN: No
  • Lease Expiration Date: 2024-12-31
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
  • Years Owned: 1 or More Year(s)
Property
Lot Information
  • Building Area Total: 3632.0
  • Lot Size Dimensions: 114 x 81 x 125 x 181 x 67
  • Parcel Number: 0070924
  • Enhanced Accessible: No
  • List PriceAcre: 1938775.51
  • Power Production YN: No
  • Road Frontage Length: 262
Property and Assessments
  • New Construction: No
  • Photos Count: 45
  • Below Grade Finished Area Units: Square Feet
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Accessible Doors, Accessible Hallway(s), Common Area
  • Construction Materials: Vinyl Siding
  • Exterior Features: Private Yard
  • Fencing: Chain Link
  • Foundation Details: Brick/Mortar
  • Pool Private: No
  • New Construction Type: Vinyl Siding
Interior Features
  • Stories: 1
  • Flooring: Carpet, Hardwood, Tile
  • Cooling: Central Air, Gas
  • Cooling?: Yes
  • Appliances: Dishwasher, Dryer
  • Equipment Appliances: Dishwasher, Dryer
  • Interior: Vinyl Siding
  • Equipment: Dishwasher, Dryer
Multi Family
Unit Information
  • Total Units: 2
Agent
Sale and Listing
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: Negotiable
  • Availability Date: 05-10-2024

Property History for 242 West Academy Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 242 West Academy Street

Taxable ValueLand$128,704Additions$51,769Total$180,473
Tax Record2023$2,350 ($196 / month)
Home Facts
Baths2Total Finished SqFt1,999 SqFtAbove Grade Finished SqFt1,999 SqFtStories1Lot Size21,344 SqFtStyleSingle Family ResidenceYear Built1915Year Renovated1960ZoningNCCountyWAKEAPN1784.19-51-6659 0070924

Schools near 242 West Academy Street

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Wendell Elementary
Public - K to 5
Wendell Middle
Public - 6 to 8
East Wake High School
Public - 9 to 12
River Oaks Middle
Public - 6 to 8
Rating
School
Distance
Wendell Elementary
PublicK to 5

Wendell Middle
Public6 to 8

East Wake High School
Public9 to 12

River Oaks Middle
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 242 West Academy Street, Wendell, NC 27591

242 West Academy Street is a mixed use property for sale in Wendell, NC 27591. This property was listed for sale on May 10, 2024 by NorthGroup Real Estate, Inc., it's currently listed at $950,000. It has been on the market for a total of 21 days and was last sold on September 16, 2021. This listing's school district is Wake County School District. Nearby schools include Wendell Elementary, Wendell Middle and East Wake High School. 242 West Academy Street is a 0-bed, 0-bath, 3,632 sqft mixed use property built in 1915.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NorthGroup Real Estate, Inc.; Creekside Inc/Five County Real

Listings marked with an icon are provided in part courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Listings are also provided in part by the IDX program of Longleaf Pine REALTORS and Alamance MLS. Copyright 2024 Triangle MLS, Inc. of North Carolina. Copyright 2024 Longleaf Pine REALTORS. Copyright 2024 Alamance MLS. All rights reserved. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s). Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA competitive or home valuation of any property.