UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,296 sqft
Price per Sqft $253
Subdivision Not In A Subdivision
MLS Listing ID 10159922
Style Ranch
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1920
Annual Tax Amount $2,560
Lot Size 1,296 Sqft
Acres 0.34
Property Sub-Type Single Family Residence
Source Doorify MLS
Land Area 1296
Property Description
Rare opportunity to own 602 & 604 Faucette St, featuring two dwelling units on one parcel in a rapidly growing area near downtown Fuquay-Varina. Ideal for investors, builders, or developers looking for a tear-down and new construction project with strong upside potential.
604 Faucette St offers 3 bedrooms and 1 bathroom and is the only heated structure. The second unit (602) is unheated and adds additional value for redevelopment. The property has been tenant-occupied for approximately 13 years, the seller has never lived in the property, and it is now vacant and ready for the right investor. Sold AS-IS.
Strong Comparable Sales Support Future Value
Nearby properties have recently sold between the $400Ks and $700Ks, highlighting the potential of new construction in the area, including:
Homes selling up to $750,000 nearby
Multiple sales in the $500K-$575K range
Even smaller homes reaching $400K+
This makes the property a compelling opportunity for those looking to build and capitalize on rising values.
Potential for Town Center Residential (TCR) positioning adds long-term development flexibility and increased value potential.
Conveniently located near downtown Fuquay-Varina, shopping, dining, and major roadways, in an area experiencing continuous growth and redevelopment.
Cash purchase only.
Location
State NC
County Wake
Community Not In A Subdivision
Area 0.34
Zoning RLD
Interior
Cooling None
Flooring Laminate
Fireplace No
Appliance None
Exterior
Parking Features No Garage, Parking Lot
Roof Type Other
Garage No
Building
Lot Description City Lot
Story One
Foundation Block
Water Public
Architectural Style Ranch
New Construction No
Schools
Elementary Schools Wake - Fuquay Varina Elementary
Middle Schools Wake - Fuquay Varina Middle
High Schools Wake - Fuquay Varina High
Others
Senior Community No
Tax ID 0000912
Acceptable Financing Cash
Listing Terms Cash
Nearby School & Business
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Samantha Hall
Broker in Charge | License ID: 294458
Broker in Charge License ID: 294458