20 Chaney Lane

20 Chaney Lane

ATTENTION INVESTORS! Rare newer stick built Duplex for sale near downtown Louisburg with an in place Cap Rate of 6.8% (1of 4 properties being offered by this seller in this neighborhood see MLS) Purchase 1 or all 4. This home features a mirrored image of the SFR floor plan connected at the garages for privacy and quiet enjoyment of the tenant living spaces. Both units feature a 3bd / 2ba floor plan with almost 1200sq/ft of living space and the duplex sits on almost a full acre of land. This is a great quiet area of Louisburg just outside of downtown on HWY 56. Louisburg offers the best of both worlds like quiet country living with easy access to the amenities, employment opportunities, and the entertainment of a major city like Raleigh just a ½ hour drive away. Louisburg is surrounded by natural beauty, offering plenty of outdoor activities like fishing, hiking, and boating at nearby Lake Royale. Being offered 100% occupied with below market rents. The 6.8% Cap rate is based on current rents and 2024 taxes and insurance numbers assuming a owner operated cash purchase. A new owner could realize a higher cap rate with minor cosmetic CAP X improvements like paint and LVP and push rents higher. These homes were built in 2018 and present tremendous value as there will be little maintenance or upgrades required by a new owner for the next several years. The current owners built this neighborhood and furnished this home with a spacious open floor plan with features tenants request like granite counters and a garage. Off-street parking adds extra value, making it even more convenient for residents. Additionally, with no HOA, you save on monthly expenses and retain full control over the property. This property boasts a proven track record and excellent rental history, making it an ideal opportunity for savvy investors.