421 Pearce AVE, Wake Forest, NC 27587
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421 Pearce AVE, Wake Forest, NC 27587
421 Pearce AVE, Wake Forest, NC 27587
421 Pearce AVE, Wake Forest, NC 27587
421 Pearce AVE, Wake Forest, NC 27587
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Sharon Webb

Sharon Webb

+1(919) 584-5554
Listed by Coldwell Banker Advantage
$ 175,000
Est. payment /mo
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Pending

421 Pearce AVE Wake Forest, NC 27587

3 Beds

2 Baths

1,482 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 1,482 sqft

Price per Sqft $118

Subdivision Not In A Subdivision

MLS Listing ID 10178234

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1901

Annual Tax Amount $1,656

Lot Size 0.280 Acres

Acres 0.28

Property Sub-Type Single Family Residence

Source Doorify MLS

Land Area 1482

Property Description

Downtown Wake Forest Investment and/or Redevelopment Opportunity Offered in conjunction with 425 Pearce Avenue (MLS# 10142426) and 417 Pearce Avenue (MLS# 10142424) for a combined purchase price of $1,135,000, this exceptional investment package presents a unique opportunity in the heart of downtown Wake Forest. The offering includes three parcels totaling approximately 1.67 acres, featuring two fully leased duplexes and one tenant-occupied single-family home, providing immediate rental income with significant long-term upside. Zoned UR (Urban Residential), the properties offer outstanding redevelopment and expansion potential in one of Wake Forest's fastest-growing and most desirable locations. This single-family home fronts Pearce Avenue and is currently leased, making it an income-producing asset today with excellent potential for future redevelopment as a standalone parcel or in combination with the adjacent duplex properties. Just a few blocks from the vibrant downtown district, the property is within close proximity of local restaurants, shopping, parks, and community amenities. With strong existing cash flow, flexible Urban Residential zoning, and a premier location in downtown Wake Forest, this is a great opportunity for investors and developers seeking both immediate returns and future growth potential. There is no working heat pump or hvac system at this house. House is being sold AS-IS

Location

State NC

County Wake

Community Not In A Subdivision

Area 0.28

Zoning UR

Interior

Heating Space Heater

Cooling Window Unit(s)

Flooring Wood

Fireplace No

Exterior

Parking Features Open

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Metal

Garage No

Building

Story One

Water Public

New Construction No

Schools

Elementary Schools Wake - Heritage Elementary

Middle Schools Wake - Heritage Middle

High Schools Wake - Wake Forest High School

Others

Tax ID 184119612589000 0036997

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Doorify MLS

Nearby Locations

Sharon Webb

Sharon Webb

Broker License ID: 276496

+1(919) 584-5554

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421 Pearce AVE