231 & 233 Hc Powers Road,Wallace, NC 28466
Wallace, NC 28466
Description
Exceptional Investment Opportunity - Two Income-Producing Homes on 1 Acre! Don't miss this rare opportunity to own two charming homes on approximately one acre, offering immediate rental income and long-term investment potential. The primary home features 640 square feet with 1 bedroom, 1 bathroom, and a welcoming 30-square-foot front patio. The second home is a 520-square-foot efficiency-style cottage with an open-concept layout and its own 25-square-foot front patio, making it an attractive option for tenants seeking comfortable, low-maintenance living. Both homes were built in 2024 and are currently tenant-occupied. One is leased through March 2027 providing a steady income stream from day one. The other is leased until September 2026. This makes the property an excellent opportunity for investors looking for an established rental property with reliable occupancy already in place. Situated on approximately one acre, the property offers ample outdoor space and potential for future possibilities, subject to local zoning and regulations. Wallace NC is a small town on I-40 that is convenient to Raleigh, NC and Wilmington, NC. Whether you're expanding your investment portfolio or seeking a unique property with built-in rental income, this versatile offering is one you won't want to miss. Schedule your private showing today!
Details
| MLS # | 100591586 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 2024 |
| Days On Site | 26 |
| Listing Provided By | J Blackman Real Estate | Janiel L Blackman |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 |
| SQ Feet | 1,100 |
| Story(s) | 1 |
| Units | 2 |
| Zoning | none |
| Acreage | 1.00 |
| Property View | None |
Interior
| Interior Features | None |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Wall/Window Unit(s) |
| Furnished | Unfurnished |
Exterior
| Exterior Features | None |
|---|---|
| Roof | Architectural Shingle |
| Foundation Details | Slab |
| Lot Features | Corner Lot |
| Waterfront Features | None |
| View | None |
| Construction Materials | Block |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Unpaved, Off Street |
Utilities
| Utilities | Cable Available, Water Available, Electricity Available, Electricity Connected, Water Connected |
|---|
Taxes
| Tax Assessed Value | 183600 |
|---|---|
| Tax Book Number | 33 |
| Tax Legal Description | LOT 2R |
| Tax Year | 2025 |
Area Information
| State | NC |
|---|---|
| County | Duplin |
| City | Wallace |
| Zip Code | 28466 |
| Elementary School | Wallace |
| High School | Wallace-Rose Hill |
| Listing VS Median (in 28466) | |
Price: $210,000 low | high Med: $394,000 sqft: 1,100 low | high Med: 2,490 $ / sqft: $191 low | high Med: $158 On site: 26 low | high Med: 97 | |
Market Activity 28466
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Learn More About This Property
| State | NC |
|---|---|
| County | Duplin |
| City | Wallace |
| Zip Code | 28466 |
| Elementary School | Wallace |
| High School | Wallace-Rose Hill |
| Listing VS Median (in 28466) | |
Price: $210,000 low | high Med: $394,000 sqft: 1,100 low | high Med: 2,490 $ / sqft: $191 low | high Med: $158 On site: 26 low | high Med: 97 | |