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About This Home

This 6-bedroom, 3-bathroom residential multi family at 100 Madrid Court in Garner, NC is listed for $419,900 ($176 per sqft). Built in 1981, the home offers 2,388 sqft of living space on a 0.29 acres lot.

Agent Description

Investors, take note! Fully Rented Turnkey Duplex on Corner Lot - No HOA Fees & Immediate Cash Flow! Welcome to 100 Madrid Court, a rare, fully occupied income-generating duplex perfectly positioned on a spacious corner lot in the heart of Garner. Boasting no HOA monthly dues, this property gives you 100% control over your investment with maximum bottom-line profitability.

This low-maintenance two-family property offers immediate cash flow from day one with established tenants already in place. Each side features a functional layout designed for long-term tenant retention, complete with comfortable living spaces, fully equipped kitchens (including refrigerator, range, and dishwasher), central air, dedicated washer/dryer hookups.

Roof was done in 2020. LPV throughout 1st floor of both units. HVAC around 5 years. The exterior features a sizable 0.29-acre spacious fenced in lot. Tenants pay their own separate utilities (water, sewer, and electric) and yard maintainess. The location offers unbeatable tenant appeal and convenience.

Situated just off Timber Drive and Aversboro Road, residents are less than a half-mile walk from everyday essentials like Lowes Foods and ALDI. The property sits minutes from the premier dining and retail at Garner Towne Square, and offers a seamless drive straight down Timber Drive to the massive White Oak Crossing retail center. With immediate access to US-70 and I-40 for a quick commute into downtown Raleigh, this high-demand Wake County location guarantees a strong, consistent tenant pool.

Key Features

  • Built in 1981
  • 0.29 acre lot

Property Details

1 story
30 full, 2 half
1981

Amenities

A/C

Monthly Cost Estimate

$2,246/mo

20% down · 6.5% · 30 years

Principal$304
Interest$1,820
Insurance$122

Estimates only. Actual payments may vary.

Location

100 Madrid Court

Garner, NC 27529

Heather Hill Villas

Features & Amenities

Interior Features

Laminate Counters

Exterior Features

Rain Gutters

Property Details

Flooring

CarpetVinylLaminate

Construction

Brick Frame Vertical Siding

Parking

Driveway

Heating

Central

Cooling

Ceiling Fan(s)Central Air

Appliances

DishwasherElectric RangeFree-Standing Electric RangeFree-Standing RangeFree-Standing RefrigeratorRangeRange HoodRefrigerator

Questions & Answers

This 6-bedroom, 3-bathroom residential multi family at 100 Madrid Court is listed at $419,900 ($176/sqft). The estimated monthly payment is $1,820 based on 20% down at 6.5% interest.

Key features include: Built in 1981, 0.29 acre lot. Interior Features: Laminate Counters. Exterior Features: Rain Gutters.

This property is listed by CC Bennett and can be reached at 9199245555 or tartpearl@yahoo.com.

CB

CC Bennett

Agent at CHK Realty

(919) 924-5555

Listed by CHK Realty · View on Broker Site

MLS# 10172157· Source: listhub· Updated 1 days ago

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100 Madrid Court, Garner, NC 27529

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