314 Culvert Street
Apex, NC 27502Don't miss this exceptional chance to own a two-unit residence ideally situated in the vibrant and rapidly growing downtown district of Apex. Since 2017, the owners have completed an exterior facelift with new fiber cement siding and trim, windows and front door (Unit 4), replaced sliding doors and rebuilt decks and HVAC systems. Unit 4 (left side) has undergone an interior renovation including updated flooring, cabinetry, appliances, countertops, and fixtures. Unit 3 (right side) is occupied by a long-term, month-to-month tenant and has not been renovated. Unit 4 is currently operating as a successful turnkey short-term rental, averaging $2,300/month in income for 2023-24. This unit is being sold fully furnished offering immediate income potential with no additional investment required. Apex has seen nearly 18% population growth since 2020, and the greater Triangle region continues to attract over 56 new residents daily, driving strong demand for both short- and long-term rentals. This property offers a unique blend of immediate cash flow, flexibility, and long-term appreciation potential. Property is being sold as-is.
$550,000
4 bedrooms
2 full, 2 half bathrooms
0.23 acres
2,021 square feet
$272 per square foot
Additional Property Information
- TypeDuplex
- Built1974
- NeighborhoodNot in a Subdivision
- CountyWake
- AreaApex
- Elementary SchoolWake - Apex Elementary
- Middle SchoolWake - Apex
- High SchoolWake - Apex
Listing courtesy of Berkshire Hathaway HomeService. © 2024 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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Find your amount- Exterior Features
- Interior Features
- Property Features
- Common Walls 1 Common Wall
- Construction Materials Cement Siding
- Exterior Features Private Yard
- Fencing None
- Lot Size Acres 0.23
- Parking Features Off Street, Parking Lot
- Pool Features None
- Structure Type Duplex
- Above Grade Finished Area 2,021
- Appliances Refrigerator, Washer/Dryer, Range, Dishwasher, Electric Range
- Basement Crawl Space
- Cooling Central Air
- Cooling Y/N Yes
- Flooring Laminate, Carpet, Vinyl
- Heating Gas Pack, Forced Air
- Heating Y/N Yes
- Laundry Features In Unit
- Association Amenities None
- Community Features None
- Lot Features Few Trees
- Tax Annual Amount 3918.18
- Water Source Public
- Year Built 1974
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