Bought with Non Member Office
$190,000
$195,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
7 Baths
5,108 SqFt
SOLD DATE : 07/01/2024
Key Details
Sold Price $190,000
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 5,108 sqft
Price per Sqft $37
Subdivision Not In A Subdivision
MLS Listing ID 10019767
Sold Date 07/01/24
Style Other
Bedrooms 9
Full Baths 7
HOA Y/N No
Abv Grd Liv Area 5,108
Originating Board Triangle MLS
Year Built 1910
Annual Tax Amount $663
Lot Size 0.530 Acres
Acres 0.53
Property Description
Back On The Market No Fault of the Seller. Investors & Builders, this is a unique investment opportunity. This property built in 1910 or earlier, located in the railroad district near downtown Burlington. 5,108 sqft on .528-acre lot, is being sold as-is and features both a partial basement and a crawlspace.
Divided into seven units offering flexible rental configurations, four upstairs units consisting of 1 bedroom, 1 bathroom, and a kitchen each, and three downstairs units featuring 2 bedrooms, 1 bathroom, and a kitchen each. The inclusion of a partial basement and crawlspace adds further potential for development or storage options.
Caution this property requires extensive rehabilitation due to years of vacancy. Certain areas of the property may pose safety risks, including weakened floors due to water damage. Be advised, and entry into specific areas is at one's own risk. The seller will not be liable for any injuries sustained on the property.
Despite its current condition, this property presents an exciting opportunity for investors and builders with a keen eye for potential. By restoring this property, you can contribute to the preservation of Burlington's architectural heritage and the revitalization of the surrounding community.
Convenient location close to downtown Burington, Elon University, hospitals, parks, shopping, entertainment, and restaurants.
Send all offers with proof of funds to Stacy Rogers 336-501-5505 s.f.rogers@kw.com; Co-Agent Chris Rogers 336-937-0837; chrisrogers@kw.com. Keller Williams does not hold earnest money. The Buyer's Agent handles verifying all schools.
Location
State NC
County Alamance
Direction Head east on S Church St (US-70). Go for 2.3 mi. Turn left onto W Webb Ave (NC-87/NC-100). Go for 0.4 miles corner of W. Webb Ave & Tarpley Street Burlington
Rooms
Basement Crawl Space
Interior
Heating Other
Cooling Window Unit(s)
Flooring Wood, Other
Exterior
Roof Type Shingle
Garage No
Private Pool No
Building
Faces Head east on S Church St (US-70). Go for 2.3 mi. Turn left onto W Webb Ave (NC-87/NC-100). Go for 0.4 miles corner of W. Webb Ave & Tarpley Street Burlington
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Victorian
Structure Type Frame
New Construction No
Schools
Elementary Schools Alamance - Hillcrest
Middle Schools Alamance - Turrentine
High Schools Alamance - Walter Williams
Others
Tax ID 126739
Special Listing Condition Real Estate Owned
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