1778 sqft | 3 beds | 2 baths | 0.43 acres | #10087046
Description
Investor's Dream in the Heart of Downtown Cary - Live in One, Rent the Other, or Build Your Portfolio with Two High-Demand Rentals
An exceptional opportunity awaits in one of the most sought-after locations in the Triangle. This rare investment gem features a spacious 3-bedroom, 2-bath ranch home with 1,778 square feet of living space, nestled on a .43-acre R-8 CU-zoned lot just steps from Downtown Cary's vibrant shops, dining, breweries, and green spaces. Built in 1961, this solid, well-maintained home showcases beautiful hardwood floors throughout, a large family room with a cozy fireplace, a separate living room, and an oversized 2-car carport. It is currently vacant and move-in ready, with a strong market rent of $2,000/month — perfect for investors seeking immediate cash flow or homeowners looking to house hack.
What makes this opportunity even more compelling? When purchased together with the adjacent home at 207 High House Road (MLS #10083280), you'll own over half an acre of prime real estate in the heart of Cary — a rare find with potential for future development, expansion, or dual-income investment. Both homes offer a proven rental history, ideal for long-term buy-and-hold investors, short-term rental entrepreneurs, or developers eyeing the tremendous growth in the Downtown Cary corridor.
This is a powerful wealth-building opportunity. Whether you're looking to live in one and rent the other, add two high-demand homes to your portfolio, or secure a prime development site, this is the kind of chance that rarely comes along. For best terms, sellers prefer to sell both properties together — contact the listing agent for details.
Interior Details
- InteriorBathtub/Shower Combination, Ceiling Fan(s), Laminate Counters, Storage
- Fireplaces1
Heating & Cooling
- HeatingForced Air, Natural Gas
- CoolingCentral Air
Beds & Baths
- Bedrooms3
- Bathrooms2
- Full Baths2
Property Details
- Exterior FeaturesRain Gutters
- Exterior MaterialsRain Gutters
- Lot FeaturesCorner Lot
- Lot DescriptionCorner Lot
- Stories1
Measurements
- Acres0.43
- Square Feet1778
Construction Details
- Basement DescriptionCrawl Space
- Property TypePurchase
- StyleRanch
- Basement1
Condition
- Year Built1961
Material information
- RoofComposition
Utilities / Energy Details
- Utility FeaturesCable Available, Electricity Connected, Natural Gas Connected, Septic Connected, Water Connected
- Sewer InformationPublic Sewer
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionNot in a Subdivision
Location
- Elementary SchoolWake - Briarcliff
- Middle SchoolWake - East Cary
- High SchoolWake - Cary
- ZoningR-8 CU
- CountyWake
Financial Details
- Taxes Annual$3,516
Other
- MLS #10087046
Location
Legal
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Last Updated: . Source: TRIANGLEMLS
Listing Courtesy
Listing Agent: Wendy Jean Mitchel (#97483)
Listing Office: Choice Residential Real Estate (#75083)
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