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206 Susan Dr, Garner, NC 27529

OVERVIEW

Priced at $365,000, this deal sits well below every recent sold comp on the street and in the immediate area, where similar homes have closed between $384K and $450K. Garner sits just minutes from downtown Raleigh and Research Triangle Park, and is home to Amazon’s 2.6 million sq ft distribution center, the town’s largest employer with 1,500+ jobs, along with easy access to I-40 and US-70. This 3 bed, 3 bath home sits on a spacious 0.69 acre lot, well above typical lot sizes for the area, and will be vacant at closing. One nearby comp on Kings Ct sold as-is for $384K and is now listed for $435K without any renovation, a clear roadmap for the spread available here.

Comp Avg (Sold): ~$420,000 | For Sale Avg: ~$424,000
Rent Avg: ~$2,200/mo | Gross Yield at Asking: 7.2%

DETAILS

Type: Single Family

Bedrooms / Baths: 3 bed / 3 bath

Living Area: 2,195 sq ft

Year Built: 1999

Lot Size: 0.69 acres (30,056 sq ft)

Utilities: City water (Aqua) & septic, electric through Duke Energy

Occupancy at Closing: Occupied. Will be vacant at closing

Closing Date: 10/02/26

Deposit: $10,000

Closing Attorney: One Source Title & Escrow

Tax Value: $392,030

CONDITION

• Roof replaced in 2017
• HVAC system is 15+ years old, still fully operational (heating and cooling)
• Solar panel loan will be paid off by seller at closing
• Property sold as-is

COMPARABLE SALES

222 Susan Dr, Garner, NC — 2,152 sq ft — $450,000 ($209/sq ft) — Sold

604 Winfred Dr, Raleigh, NC — 2,363 sq ft — $435,000 ($184/sq ft) — Sold

104 Kings Ct, Garner, NC — 2,207 sq ft — $384,000 ($174/sq ft) — Sold as-is, now relisted at $435,000 with no renovation

117 Leach Dr, Garner, NC — 2,043 sq ft — $410,000 ($201/sq ft) — Sold

Pending reference: 111 Gibbons Dr, Garner, NC — 2,034 sq ft — $459,000 — Pending (excluded from average)

Comp Average: ~$420,000 (~$192/sq ft)
Our Price: $365,000 ($166/sq ft)
Your Spread: ~$55,000

The 104 Kings Ct sale is the clearest playbook here: bought as-is for $384K and relisted at $435K with zero work done. At $365K, you’re already priced below that purchase price with a bigger lot, and the math supports a fast flip or a straightforward long-term hold at a solid yield.

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.