20 Chaney Ln Louisburg, NC 27549
Estimated payment $2,843/month
Total Views
2,716
6
Beds
4
Baths
2,352
Sq Ft
$204
Price per Sq Ft
Highlights
- Traditional Architecture
- Front Porch
- Cooling Available
- No HOA
- 2 Car Attached Garage
- Luxury Vinyl Tile Flooring
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,968
Year Built
- Built in 2018
Parking
- 2 Car Attached Garage
- 4 Open Parking Spaces
Home Design
- Traditional Architecture
- Slab Foundation
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,352 Sq Ft Home
- 1-Story Property
- Family Room
- Dining Room
Flooring
- Carpet
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Schools
- Louisburg Elementary School
- Terrell Lane Middle School
- Louisburg High School
Utilities
- Cooling Available
- Heating Available
- Well
- Septic Tank
Additional Features
- Front Porch
- 1.04 Acre Lot
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 2815-54-2326
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,968 | $290,140 | $70,000 | $220,140 |
| 2023 | $2,018 | $203,790 | $20,000 | $183,790 |
| 2022 | $1,998 | $203,790 | $20,000 | $183,790 |
| 2021 | $2,019 | $203,790 | $20,000 | $183,790 |
| 2020 | $2,010 | $203,790 | $20,000 | $183,790 |
| 2019 | $1,985 | $203,790 | $20,000 | $183,790 |
| 2018 | $0 | $20,000 | $20,000 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2025 03/31/25 | For Sale | $479,900 | -- | $204 / Sq Ft |
Source: Doorify MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available |
Source: Public Records
Similar Home in Louisburg, NC
Source: Doorify MLS
MLS Number: 10085892
APN: 043236
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