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    OFF-MARKET
    Residential income homes

    622 Rainey Dr, Spring Lake, NC 28390

    1,563 SF 0.45 ac lot Built 2024
    Property ID
    US53-2308847
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a brand-new, two-unit duplex located at 622 Rainey Dr, Spring Lake, NC 28390, in Harnett County. Completed at the end of August 2024, this property offers a compelling return on investment. The duplex boasts a total of 3,126 square feet of net rentable space, spread across two units, each featuring three bedrooms and two and a half bathrooms. Situated on a 0.45-acre lot, the property's construction is of high quality, reflecting its recent completion. The asking price is $439,000, translating to a price per unit of $219,500 and a price per square foot of $280.87. This represents a strong value proposition in the current market. The property is classified as a multifamily investment, ideal for owner-users seeking a hands-on approach to real estate investment. The two-story building offers a total square footage of 1,563 square feet. This turnkey property is ready for immediate occupancy and income generation, making it an attractive option for savvy investors seeking a profitable addition to their portfolio. The property's location in Spring Lake, North Carolina, provides convenient access to local amenities and services.

    Property profile
    Verified
    Property type Residential income homes
    Year built 2024
    Total area 1,563 SF
    Lot 0.45 ac (19,602 SF)
    UPID US53-2308847
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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