Bought with DASH Carolina
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Key Details
Sold Price $116,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 910 sqft
Price per Sqft $127
Subdivision Not In A Subdivision
MLS Listing ID 10072296
Sold Date 03/28/25
Bedrooms 2
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 910
Year Built 1995
Annual Tax Amount $600
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Single Family Residence
Source Triangle MLS
Property Description
Investment Opportunity: Ranch-style property in Burlington on a .18-acre lot. This property features two bedrooms with carpeting, a bathroom with a tub/shower combo and vinyl flooring, and a covered porch. Currently rented at $630/month with a month-to-month lease, well below market value, offering significant potential for rental income growth. The property is priced at over a 7.2% CAP rate based on fair market rental rates. New roof installed in 2021. Sold AS-IS. Don't miss this opportunity to increase cash flow in a desirable location!
Location
State NC
County Alamance
Direction From Downtown Burlington: Head north on S Main St toward W Davis St. Continue straight as Main St becomes N Park Rd. Follow N Park Rd until you reach 903 N Park Rd on the left. From I-40/I-85: Take exit 143 for NC-62 N toward Alamance/Burlington. Continue on NC-62 N. Turn right onto N Park Rd and continue straight until you arrive at 903 N Park Rd. From Alamance Rd (US-70): Head west on Alamance Rd, then turn right onto N Park Rd. Continue north, and 903 N Park Rd will be on your right.
Rooms
Bedroom Description Primary Bedroom
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Carpet
Exterior
Fence None
Utilities Available Sewer Connected, Water Connected
View Y/N Yes
Roof Type Shingle
Street Surface Concrete
Porch Covered, Front Porch
Garage No
Private Pool No
Building
Lot Description Back Yard, Front Yard
Faces From Downtown Burlington: Head north on S Main St toward W Davis St. Continue straight as Main St becomes N Park Rd. Follow N Park Rd until you reach 903 N Park Rd on the left. From I-40/I-85: Take exit 143 for NC-62 N toward Alamance/Burlington. Continue on NC-62 N. Turn right onto N Park Rd and continue straight until you arrive at 903 N Park Rd. From Alamance Rd (US-70): Head west on Alamance Rd, then turn right onto N Park Rd. Continue north, and 903 N Park Rd will be on your right.
Story 1
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories 1
Structure Type Frame,Stucco
New Construction No
Schools
Elementary Schools Alamance - R Homer Andrews
Middle Schools Alamance - Broadview
High Schools Alamance - Hugh Cummings
Others
Tax ID 140639
Special Listing Condition Real Estate Owned
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