Four (4) Parcels with 2.85 +- Acres of Land with 14 Single Family Houses. Range of 500 - 600 +- sq. ft. in each house built in 1950 +- and used as rental property. Each house has 2 bedrooms and 1 bath LR and Kitchen Combo. All measurements are approximate. Each may vary some. Houses are in fair to poor condition. Some have Central HVAC some don't. Some need to be remodeled / rebuilt. 5 houses are currently rented for $400. per month.
Lots of upside potential with this property for someone looking to invest in residential rental property who does not mind doing some reconstruction / remodeling. ALSO, these parcels have a great potential for total redevelopment for possibly a new construction development for rental property. Call for more information and or a showing of the property. Parcel No. 15114742701, 15114742703, 15114742702, 15114742704. Addresses are 1116,1118,1120,1122,1124,1126,1128,1130,1134,1136,1129,1131,1135,1137 Phillips Street. This property also has room to possibly build more houses if desired. Property and houses are being sold in ''AS IS'' physical condition.
Also, Once a new buyer purchases all of the property they they may be able to subdivide each lot off. Talk with the Planning and Zoning office to understand what can be done with this property.
For sale
Price cut: $100 (7/7)
$399,900
1116 Phillips Street, Clinton, NC 28328
2beds
550sqft
Est.:
Single Family Residence
Built in 1950
2.85 Acres Lot
$-- Zestimate®
$727/sqft
$-- HOA
What's special
Central hvac
- 293 days
- on Zillow |
- 114 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: July 07, 2025 at 06:57am
Listed by:
Ed Carr 910-990-5466,
Carr Real Estate Company
Source: Hive MLS,MLS#: 100470116

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced Air, None
Cooling
- Central Air, None
Appliances
- Included: None
Features
- None
- Flooring: Vinyl
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 550
- Total interior livable area: 550 sqft
Property
Parking
- Parking features: On Site
Features
- Levels: One
- Stories: 1
- Patio & porch: None
- Fencing: None
Lot
- Size: 2.85 Acres
Details
- Parcel number: 15114742701
- Zoning: R6
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Wood Frame
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Municipal Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Other
HOA
- Has HOA: No
Location
- Region: Clinton
Financial & listing details
- Price per square foot: $727/sqft
- Tax assessed value: $366,262
- Annual tax amount: $3,955
- Date on market: 10/9/2024
- Listing terms: Cash
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