Property profile

622 Rainey Dr Spring Lake, NC 28390

OFF-MARKET
Residential income homes
Property ID
US53-2308847
1,563 SF 0.45 ac lot Built 2024
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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

Location

622 Rainey Dr Spring Lake, NC 28390
Spring Lake metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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