210 Morehead Street, Burlington, NC 27215
- $850,000
- Sold Price
- $850,000
- List Price
- $795,000
- Closing Date
- Jan 13, 2025
- MLS#
- 1157353
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Apartment
- Lot Size
- 10,018
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.
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Additional Information
- Acres
- 0.23
- Appliances
- Electric Water Heater
- Built Information
- Existing
- Cooling Type
- Multi Units
- Electric Expense
- 136
- Elementary School
- Grove Park
- Flooring
- Carpet, Tile, Vinyl, Wood
- Furnished Units
- 11
- Garage Description
- None
- Heating
- Multiple Systems, Electric, Natural Gas
- Heating Fuel
- Electric, Natural Gas
- High School
- Williams
- Land Description
- City Lot, Cleared
- Lot Description
- City Lot, Cleared
- Lot Dimensions
- rect
- Lot Size
- 10,018
- Maintenance Expense
- $90
- Middle School
- Turrentine
- Parking
- Assigned, On Street, No Garage
- Parking Spaces
- 11
- Sewer
- Public Sewer
- Show Street Address
- Yes
- Style
- Two Story
- Total Units
- 11
- Water
- Public
- Water Expense
- 424
- Water Heater
- Electric
- Year Built
- 1930
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Listing courtesy of RE/MAX DIAMOND REALTY. Contact:
Selling Office: nonmls.