$850,000
$795,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
210 Morehead ST Burlington, NC 27215
10,018 Sqft Lot
Key Details
Sold Price $850,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1157353
Sold Date 01/13/25
HOA Y/N No
Originating Board Triad MLS
Year Built 1930
Lot Size 10,018 Sqft
Acres 0.23
Property Description
Incredible investment opportunity! 7900 square foot 11-unit building, fully rented (one tenant has been asked to vacate) with several long-term tenants (current tenant average is 10+ years). Units vary from studio apartments to 1-bedroom units, each with their own reserved parking space and plenty of street parking. Great location walkable to bus line, train station and restaurants. Projected rental income of $88,080. Owner pays gas for the water heater, electricity for the common areas and water average $7000. All tenants (except 1) are currently on a lease and all wish to remain in place. Please request a brochure for more information. Secure building with keypad entry. DO NOT VISIT THE PROPERTY WITHOUT AN APPOINTMENT.
Location
State NC
County Alamance
Interior
Heating Multiple Systems, Electric, Natural Gas
Cooling Multiple Systems
Flooring Carpet, Tile, Vinyl, Wood
Appliance Electric Water Heater
Laundry None
Exterior
Parking Features None
Pool None
Total Parking Spaces 11
Building
Lot Description City Lot, Cleared
Sewer Public Sewer
Water Public
Architectural Style Two Story
New Construction No
Schools
Elementary Schools Grove Park
Middle Schools Turrentine
High Schools Williams
Others
Special Listing Condition Owner Sale
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Bought with nonmls