312 Stokes Street, Burlington, NC 27215
- $780,000
- Sold Price
- $780,000
- List Price
- $829,900
- Closing Date
- Feb 04, 2026
- MLS#
- 1197508
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Apartment
Property Description
Incredible investment opportunity! 3840 square foot 5-unit building, fully rented with all tenants living there for two years or more. All units are 2- bedroom units, 1- Bath each with their own parking space and plenty off street parking. Projected rental income of $86150 for 2025. All units has it’s on water and power meter. NEW VINYL AND REPLACEMENT WINDOWS INSTALL LAST MONTH, ALL DISHWASHER REPLACED WITHIN THE LAST TWO MONTHS, ROOF REPLACED WITHIN THE LAST 2 YEARS. CENTRAL AIR/HEAT,LVP and WASHER/DRYER HOOK UPS IN ALL UNITS. All tenants are currently on a lease and all wish to remain in place.
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Additional Information
- Appliances
- Electric Water Heater
- Cooling Type
- Central Air
- Environmental Hazards
- No
- Flooring
- Laminate
- Heating
- Heat Pump, Electric
- Heating Fuel
- Electric
- Land Description
- City Lot, Level
- Lot Description
- City Lot, Level
- Lot Dimensions
- 101 x 153 x 100 x 152
- Parking
- Paved
- Sewer
- Public Sewer
- Show Street Address
- Yes
- Style
- Two Story
- Total Units
- 5
- Water
- Public
- Water Heater
- Electric
- Year Built
- 1984
Mortgage Calculator
Listing courtesy of Elevation Realty. Contact:
Selling Office: Coldwell Banker Advantage.