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    Duplexes

    1222 National Ave, New Bern, NC 28560

    5,030 SF Built 1920
    Property ID
    US53-0691200
    Property summary
    AI-generated overview

    The historically restored Duplex gives you free living with elegance. Live on one side and rent out the other side. Income producing property renting out both sides.The Duplex is listed on the historic registry, can be an investment for your retirement. Suitable as AirBnB for short or long term rentals. Perfect for a large extended group. The Duplex has undergone a complete renovation . All systems have been upgraded,are energy efficient and modern. Low energy bills as a result of modern A/C/heat pumps, gas stoves and dryers, rewired electricity. Low maintenance: the outside is glazed brick, never needs oiling or painting. Above the flood plain and 100 year mark. Side A: 2000 sq ft. :2 full baths, 3 bedrooms off a 6 foot wide hallway (work/play space), parlor, dining room, kitchen,full height basement. Solid wood pocket doors original to the Duplex provide optional access between Sides A and B in the front hallways,easily reopened to join the two sides into one very large home. Side B: 3500 sq ft includes full walk up 3rd floor,10 foot high cathedral ceilings (studio,workroom space, additional living area) and preparation for a bathroom. Side B 2nd floor: 3 bedrooms, 2 full baths. Ground floor: parlor, eat in kitchen with lot's of drawers and storage, a sunroom. A large pantry with easy access drawers, built in china cupboard. All cabinetry on both sides is high end custom made solid wood maple:bathroom and kitchen cupboards. Ground floor wheelchair accessible showers with teak gratings, and second floor washers and gas dryers. The basements on both sides have access from inside and outside. Large 6 foot high windows which open, 9 foot ceilings, and refinished hardwood floors. Shared back garden with large patio, parking pad, finished gardens and locked storage under shared back porch. Front porch is deep,shaded, shared between the two sides of the duplex. Entry into the house is through a common vestibule. Each side has its own secure door. This beautiful restored Duplex gives you free living with elegance. Live on one side of this historically restored home and rent out the other side to cover all your expenses. Or use as income producing property and rent out both sides and cover your mortgage payments. This Duplex, as it is known on the historic registry, can be an investment for your retirement. It's also suitable for use as an AirBnB for short or long term rentals, as well as perfect for a large extended family. You will enjoy the return on your investment as the Historic District of Riverside is developing and properties in this quaint neighborhood are experiencing increased appreciation of their value. Property taxes are low and the neighborhood is close to downtown New Bern without the high property costs and parking problems. The Duplex has undergone a complete renovation . All systems have been upgraded to be energy efficient and modern while retaining the historic fabric of the building . Low energy bills as a result of modern A/C/heatpumps, gas stoves and dryers, and rewired electricity. The renovation focused on low maintenance: the outside is glazed brick which never needs oiling or painting. The building is above the flood plain and 100 year mark. Side A is 2000 sq ft with 2 full baths, 3 bedrooms off of a 6 foot wide sunny hallway useable as a work or play space, dedicated parlor, dining room, kitchen and full height basement. Side A is a mirror image of Side B with a few changes. Solid wood pocket doors original to the Duplex provide optional access between Sides A and B in the front hallways. This can easily be reopened to join the two sides into one very large home. Side B is 3500 sq ft and includes a full walk up 3rd floor with 10 foot high cathedral ceilings which is suitable for studio or work room space, or additional living area. This third floor includes preparation for a bathroom. Side B's second floor has 3 bedrooms, 2 full baths, and the ground floor has a parlor, eat in kitchen with convenient drawers and storage, and a multipurpose sunroom. Discover some unusual features such as a large pantry with easy access drawers, a built in china cupboard, a hidden bank of drawers in the kitchen, an antique cast iron sink in the sunroom, a beautiful period fireplace in the parlor and restored beadboard in bathrooms, kitchen, and sunroom. All cabinets on both Side A and Side B are high end custom made solid maple wood. This includes bathroom cupboards as well as kitchen cupboards. Other special features are the ground floor walk in showers with teak gratings, custom tiling in bathrooms, and second floor washers and gas dryers. The basements on both sides of the house have access both from inside and outside. Large 6 foot high windows which open, 9 foot ceilings, and refinished hardwood floors throughout the house. The shared back garden boasts a large patio and parking pad, finished gardens and locked storage under the shared back porch. The front porch is deep and shaded, shared between the two sides of the duplex. Entry into the house is through a common vestibule and then each side has it's own secure door. Riverside is minutes away from downtown New Bern and the Neuse River. Enjoy 1920's atmosphere with 2023 living conditions!

    Property profile
    Verified
    Property type Duplexes
    Year built 1920
    Total area 5,030 SF
    UPID US53-0691200
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Duplex Property Investment Company
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