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210 Bagwell St, Garner, NC 27529
DETAILS
Type: Multi Family (Duplex)
Specs: 3 bed / 2 bath downstairs; 1 bed / 1 bath apartment upstairs
Living Area: 1,593 sq ft
Year Built: 1940
Lot Size: 0.6 acres / 26,136 sq ft
Access: Lock box
Occupancy at Closing: Vacant
Closing Date: 09/09/26
Closing Attorney: Hankin and Pack Law
Asking Price: $219,900
Roof and HVAC both need work; tax value is $297,307 (Parcel ID 1711.20-71-7438-000, zoned R4).
COMPARABLE SALES
As-Is Reference (not included in ARV average or spread):
200 Gatewood Dr, Garner, NC 27529 — Duplex, 1,951 sq ft — $242,000 ($124/sq ft) — Sold as-is, 4bd/2ba
Renovated / ARV Comps:
113 Johnson St, Garner, NC 27529 — 1,976 sq ft — $475,000 ($240/sq ft) — Sold, fully remodeled mid-century modern
403 Lawndale St, Garner, NC 27529 — 1,849 sq ft — $373,000 ($202/sq ft) — Sold
As-Is Floor (Reference): $242,000 (~$124/sq ft)
ARV (Renovated Avg): ~$424,000 (~$221/sq ft)
Our Price: $219,900 ($138/sq ft)
Spread to ARV: ~$204,100
OVERVIEW
This duplex — 3 bed/2 bath downstairs plus a 1 bed/1 bath apartment upstairs — is priced at $219,900, a $204,100 spread to the renovated comp average of $424,000. As a reference, a similar duplex sold as-is nearby for $242,000, above our asking price even without renovation. The stated ARV of $350,000 is conservative relative to the actual renovated comps, leaving even more room on the upside. With roof and HVAC both needing work, this is a value-add opportunity in downtown Garner, one of the fastest-growing towns in the entire country — Garner welcomed nearly 5,000 new residents between 2023–2024 alone, a growth rate of over 10% that ranks it 10th nationwide for population growth.
Source: Town of Garner Economic Development
DISCLAIMER — Please Read Before Submitting an Offer
Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and are not representing ourselves as such. We do not represent the owner.
Do not contact the Seller directly. Any attempt to contact the owner, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed under any circumstances without our explicit written consent and the execution of a joint venture agreement.
Due Diligence
Buyers are responsible for performing their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
Offer & Deposit Terms
A minimum $5,000 non-refundable deposit is required within 24 hours of signing to secure the deal. Closing will occur as quickly as possible, but no longer than 30 calendar days. Buyer pays all closing costs — closing costs are NOT included in the asking price. Taxes will be prorated and split between parties. $495 transaction fee payable to Bright Home Offer LLC. Closing will be conducted with our closing attorney.
As-Is Terms
This property is offered as-is, where-is, with no warranties. By submitting an offer, you are accepting these terms.
No repairs or improvements will be made prior to closing. No clean-out or clean-up of any kind will be completed. Property will not be broom clean at closing.
Realtors & Wholesalers
If you are working with a client and wish to receive a commission or fee, please note that the wholesale price does not include your compensation. You may either negotiate your commission/fee directly with your client, separate from the wholesale price, or adjust the wholesale price upward to include your fee. If you’d like to be compensated by us at or outside of closing, please reach out or include those terms in your offer.