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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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100 Madrid Ct , Garner, NC 27529
$419,900
Est. Payment: $2,163.83/mo
6 Bed
4 Bath
2388 Sqft
Status: pending | Days on site: 53
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Investors, take note! Fully Rented Turnkey Duplex on Corner Lot - No HOA Fees & Immediate Cash Flow! Welcome to 100 Madrid Court, a rare, fully occupied income-generating duplex perfectly positioned on a spacious corner lot in the heart of Garner. This property gives you 100% control over your investment with maximum bottom-line profitability. This low-maintenance two-family property offers immediate cash flow from day one with established tenants already in place. Each side features a functional layout designed for long-term tenant retention, complete with 3 bedrooms each unit, 1.5 baths, comfortable living spaces, fully equipped kitchens (including refrigerator, range, and dishwasher), central air, dedicated washer/dryer hookups. Roof was done in 2020. LVP throughout 1st floor of both units. HVAC around 5 years. The exterior features a sizable 0.29-acre spacious fenced in lot. Tenants pay their own separate utilities (water, sewer, and electric) and yard maintainess. The location offers unbeatable tenant appeal and convenience. Situated just off Timber Drive and Aversboro Road, residents are less than a half-mile walk from everyday essentials like Lowes Foods and ALDI. The property sits minutes from the premier dining and retail at Garner Towne Square, and offers a seamless drive straight down Timber Drive to the massive White Oak Crossing retail center. With immediate access to US-70 and I-40 for a quick commute into downtown Raleigh, this high-demand Wake County location guarantees a strong, consistent tenant pool.

Highlights

Listed by CC Bennett , 919-924-5555 CHK Realty , 919-345-6370. Triangle MLS, Inc. of North Carolina mls logo

Property Type

Multi-Family

Lot/Acreage
0.29

Year Built

1981

County

Wake

Neighborhood

Heather Hill Villas

Listing ID

10172157

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:4
  • Full Bathrooms:2
  • 1/2 Bathrooms:2
Appliances:Dishwasher, Electric Range, Free-Standing Electric Range, Free-Standing Range, Free-Standing Refrigerator, Range, Range Hood, Refrigerator
Air Cond:Ceiling Fan(s),Central Air
Fireplaces:
Floor:Carpet,Laminate,Vinyl
Above Ground Sq Ft:2388
Below Ground Sq Ft:0
Other:Laminate Counters
Other:Public

Exterior Features

Zoning:MF-A
Roof:Shingle
Others:Rain Gutters
Sewer:Public Sewer
Parking Features:Driveway,Parking Pad
Principal Interest
$2,164
Taxes
$299

Home Price

$419,900

Loan Details

30 yrs
6.683%

Down Payment

20%
$83,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,163.83

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,163.83 $298.76 $0.00 $2,462.59
Yearly $25,965.97 $3,585.08 $0.00 $29,551.05
Total $778,979.21 $107,552.40 $0.00 $886,531.61

Today's Rates

30 Year

6.68%

20 Year

6.55%

15 Year

6.13%

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Market insight data is pulled from the same city as the listing being viewed (Garner, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2026-08-01T19:26:35.000Z

© 2026 Triangle MLS, Inc. of North Carolina

MLS Logo - Triangle MLS, Inc. of North Carolina