Location
Agent Comments
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!
Additional Features
- County: Duplin
- Days on Market: 47
- Exterior: None
- Pool: Yes
- Pool Features: None
- Property Sub Type: Duplex
- Tax Number: 093804 1 1
- Waterfront Features: None
- Water/Sewer: Cable Available, Water Available, Electricity Available, Electricity Connected, Water Connected
- Year Built: 2024
- Property Type: Rental Income
- Tax Year: 2025
- Tax Amount: $1,303.40
Financial
- Short Sale: Standard
Interior Features
- Cool System: Wall/Window Unit(s)
- Heat System: Baseboard, Electric
- Interior: None
- Room Type: Dining Area
- Levels: One
- Heating Fuel: Electric
- Furnished: Unfurnished
- Water Heater: Electric
- Attic Description: Access Only
- Basement Description: None
Exterior Features
- Exterior: None
- Fuel Tanks: None
- Parking: Unpaved, Off Street
- Pool: None
- Roof: Architectural Shingle
- Siding: See Remarks
- Waterfront Feature: None
- Is New Construction: No
- Construction: Block
- Foundation: Slab
- Water Source: Community Water
- Septic or Sewer: Septic Tank
- Utilities: Cable Available,Water Available,Electricity Available,Electricity Connected,Water Connected
- Garage Spaces: 0
- Parking Spaces: 0
- Fencing: None
- Exterior: See Remarks
- Patio/Deck Description: See Remarks,Patio
- Zoning: none
- Building Total Area (Sq.Ft): 1100
- Road Description: City Street,State Road
- Road Improvements: See Remarks
- View Description: None
Location
- Directions: I40 W to to Hwy 117 in Wallace, make left on Main Street, Left on H.C. Powers Rd, travel about 1/2 mile, property on left
- Street Number: 231 & 233
- County: Duplin
- Latitude: 34.737714
- Longitude: -78.0306
- Subdivision: Not In Subdivision
- Marketing City: Wallace
Listed by: Janiel L Blackman from J Blackman Real Estate.