Back on the market and offering another opportunity to make this unique Lake Royale investment yours. Discover a rare investment opportunity in Lake Royale, a desirable gated community known for its natural beauty and resort-style amenities. This four-unit building offers spacious layouts, with each unit featuring two bedrooms and two bathrooms across approximately 1,200 square feet. Several units are ready for improvements, creating an excellent opportunity to add additional value. Beyond the property itself, residents enjoy access to all that Lake Royale has to offer, including sandy beaches, boat ramps, docks, a clubhouse, pool, fitness center, tennis and basketball courts, miniature golf, parks, and walking trails. The community offers year-round activities and a welcoming atmosphere with a strong sense of connection among neighbors. With its blend of recreation, convenience, and security, Lake Royale continues to be one of the area's most sought-after destinations, making this property an excellent choice for investors seeking long-term appeal.
| MLS # | 10123061 |
|---|---|
| Listing Type | For Lease |
| HOA Dues | $366 |
| Status | Pending |
| Year | 1986 |
| Days On Site | 421 |
| Listing Provided By | Keller Williams Premier | Koren Bowman |
| Bed(s) | 8 |
|---|---|
| Bath(s) | 8 Total |
| SQ Feet | 4,762 |
| Story(s) | 2 |
| Acreage | 1.05 |
| Interior Features | Cathedral Ceiling(s), Ceiling Fan(s), Kitchen Island, Laminate Counters, Shower Only, Walk-in Shower |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Central Air, Ceiling Fan(s) |
| Fireplace Features | Family Room |
| Fireplaces Total | 4 |
| Fireplace Yes / No | Yes |
| Exterior Features | Balcony, Rain Gutters |
|---|---|
| Roof | Shingle |
| Foundation Details | Slab |
| Community Features | Clubhouse, Gated, Lake, Park, Playground, Pool, Tennis Court(s) |
| Construction Materials | Brick, Masonite |
| Security Features | Gated with Guard |
| Patio And Porch Features | Covered, Deck, Patio |
| Pool Features | Association, Community |
| Parking Features | Paved, Parking Lot |
|---|
| Association Amenities | Beach Access, Basketball Court, Boat Dock, Clubhouse, Game Court Exterior, Gated, Park, Playground, Pool, Tennis Court(s) |
|---|---|
| Community Features | Clubhouse, Gated, Lake, Park, Playground, Pool, Tennis Court(s) |
| Sewer | Septic Tank |
|---|
| Tax Assessed Value | 373140 |
|---|---|
| Tax Legal Description | Carriage Manor Building 22A-D |
| Tax Year | 2025 |
| State | NC |
|---|---|
| County | Franklin |
| City | Louisburg |
| Zip Code | 27549 |
| Area | Franklin |
| Community Name | Lake Royale |
| School District | Franklin - Bunn High |
| Elementary School | Franklin - Edward Best Elementar |
| High School | Franklin - Bunn High |
| Listing VS Median (in Lake Royale) | |
Price: $438,000 low | high Med: $370,000 sqft: 4,762 low | high Med: 1,641 $ / sqft: $92 low | high Med: $225 On site: 421 low | high Med: 29 | |
| State | NC |
|---|---|
| County | Franklin |
| City | Louisburg |
| Zip Code | 27549 |
| Area | Franklin |
| Community Name | Lake Royale |
| School District | Franklin - Bunn High |
| Elementary School | Franklin - Edward Best Elementar |
| High School | Franklin - Bunn High |
| Listing VS Median (in Lake Royale) | |
Price: $438,000 low | high Med: $370,000 sqft: 4,762 low | high Med: 1,641 $ / sqft: $92 low | high Med: $225 On site: 421 low | high Med: 29 | |