20 Chaney Ln, Louisburg, NC 27549
$479,900
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Home Description
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.
- # Fireplaces: 0
- Flooring: Carpet,Vinyl
- Full Baths: 4
- Half Baths: 0
- Construction Materials: Vinyl Siding
- Roof: Shingle
- Foundation: Slab
- Patio/Porch: Front Porch,Porch
Available now at $479,900
Approximate Room Sizes/Locations
| Dining Room | | 11.40 x 7.60 | Main |
| Dining Room | | 11.40 x 7.60 | Main |
| Family Room | | 15.00 x 16.50 | Main |
| Family Room | | 15.00 x 16.50 | Main |
| Kitchen | | 13.80 x 11.70 | Main |
| Kitchen | | 13.80 x 11.70 | Main |
- Property Type: Duplex
- Style: Traditional
- Levels: One
- New Construction: No
- Heating: Electric
- Cooling: Electric
- Water Source: Well
- Sewer: Septic Tank
- Total HOA Dues: $0.00
- Annual Taxes: $1,968.10
- Listing Office: Keller Williams Elite Realty
- List Status: Active
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School Information
- Elementary:Franklin - Louisburg
- Middle School:Franklin - Terrell Lane
- High School:Franklin - Louisburg
Financial
Area Stats
These statistics are updated daily from the Triangle Multiple Listing Services, Inc. For further analysis or
to obtain statistics not shown below please call Highgarden Real Estate at
(919) 912-9789 and speak with one of our real estate consultants.
Popular Homes
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232
0.0%
44.8%
82
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0.0%
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174
1.1%
29.9%
89
$346,984
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37
5.4%
32.4%
116
$350,530
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228
3.9%
37.3%
76
$374,078
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9
0.0%
44.4%
90
$399,072
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149
0.0%
30.2%
81
$658,020
$671,000
5
0.0%
20.0%
106
$444,672
$344,900
29
3.4%
44.8%
71
$429,206
$360,000
34
0.0%
47.1%
55
$288,900
$274,900
123
4.1%
36.6%
80
$772,693
$575,000
15
6.7%
26.7%
122
$423,109
$420,000
27
0.0%
44.4%
69
$296,456
$249,000
41
0.0%
53.7%
101
$413,357
$371,990
141
0.7%
41.8%
119
$502,353
$425,640
150
1.3%
41.3%
80
$417,972
$375,940
42
0.0%
35.7%
77
$420,632
$389,000
141
0.0%
42.6%
91
$391,085
$394,000
48
2.1%
27.1%
64
$287,715
$234,500
83
6.0%
38.6%
74
$504,133
$320,000
6
0.0%
33.3%
70
$331,607
$312,435
47
2.1%
48.9%
70
$546,814
$425,000
7
14.3%
14.3%
55
$744,556
$464,950
12
0.0%
41.7%
67
$363,792
$354,950
290
0.3%
40.3%
93
$516,038
$444,900
126
1.6%
38.1%
77
$410,121
$359,000
65
6.2%
44.6%
82
$339,105
$308,945
58
0.0%
31.0%
69
$956,478
$735,893
40
0.0%
47.5%
74
$322,253
$319,900
91
0.0%
37.4%
62
$218,950
$218,950
2
0.0%
100.0%
80
$1,094,054
$909,500
234
0.9%
22.2%
103
$378,307
$319,900
45
2.2%
46.7%
140
$274,882
$256,990
198
7.6%
42.9%
72
$683,994
$485,000
17
0.0%
23.5%
53
$353,027
$287,450
78
0.0%
43.6%
79
$386,030
$359,900
517
0.6%
29.4%
98
$360,579
$329,706
109
1.8%
34.9%
90
$710,745
$504,950
32
6.2%
43.8%
90
$347,991
$339,900
214
0.9%
45.8%
103
$361,016
$319,990
17
0.0%
23.5%
70
$386,010
$391,400
52
3.8%
38.5%
85
$372,337
$352,500
8
0.0%
25.0%
33
$405,316
$439,000
19
0.0%
36.8%
38
Listing Courtesy of Keller Williams Elite Realty.
For information or to schedule a viewing of this property (MLS# 10085892), call: 919-912-9789
20 Chaney Ln, Louisburg NC is a single family home of 2352 sqft and
is currently priced at $479,900
.
This single family home has 6 bedrooms.
In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures
in Louisburg, NC.
Sherwood Hills, Edgemont Landing and Franklin Farms are nearby neighborhoods.
MLS 10085892 has been posted on this site since 3/31/2025 (today).
Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database.
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be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers� personal,
non-commercial use. Copyright 2025 Doorify MLS of North Carolina. All rights reserved. Listings last updated 4/3/2025.