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.
Sold for $850,000 on 01/13/25
$850,000
210 E Morehead St, Burlington, NC 27215
--beds
--baths
--sqft
Apartment, Multi Family
Built in 1930
-- sqft lot
$856,000 Zestimate®
$--/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: January 14, 2025 at 06:45am
Listed by:
Marlo Countiss 336-269-5292,
RE/MAX DIAMOND REALTY,
Laura Countiss 336-269-4883,
RE/MAX DIAMOND REALTY
Bought with:
NONMEMBER NONMEMBER
nonmls
Source: Triad MLS,MLS#: 1157353
Originating MLS: Greensboro
Facts & features
Interior
Heating
- Multiple Systems, Electric, Natural Gas
Cooling
- Has cooling: Yes
Appliances
- Included: Electric Water Heater
- Laundry: None
Features
- Storage
- Flooring: Carpet, Tile, Vinyl, Wood
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 7,900
Property
Parking
- Total spaces: 11
- Parking features: Assigned, On Street, No Garage
- Has uncovered spaces: Yes
Features
- Pool features: None
Lot
- Size: 0.23 Acres
- Features: City Lot, Cleared, Not in Flood Zone
Details
- Parcel number: 135516
- Zoning: Apartment
- Special conditions: Owner Sale
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Apartment, Multi Family
Materials
- Brick, Vinyl Siding
Condition
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Burlington
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
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Estimated market value
$856,000