210 E Morehead Street Burlington, NC 27215
Incredible investment opportunity! 7900 square foot 11-unit building, fully rented with several long-term tenants (current tenant average is 11 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, electricity and water average $7000. All tenants 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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyAlamance
- Taxes$3,101
- HOA/Condo/Coop Fees$0
- Days on Site0 Days
- MLS StatusActive
- MLS ID Number10055302
- Home Size Source Appraiser
- Year Built1930
- Lot Size0.23 Acres
- Full Baths11
- Partial BathsN/A
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General Features
- Style Transitional
- Construction Brick Veneer
- Building Features Shared Utilities
- Parking AssignedOn StreetParking LotPaved
- Sewer Public Sewer
- Basement BlockCrawl SpaceUnfinished
- Number of Stories 3
- Acreage 0.23
- Water Public
- Property Sub Type Apartment
- Attached Garage No
- Utilities Cable AvailableCable ConnectedElectricity ConnectedNatural Gas AvailablePhone AvailableSewer ConnectedWater Connected
- Foundation Block
- Zoning Apartment
- Listing Conditions Standard
Interior Features
- Cooling Multi Units
- Heating Natural GasSpace HeaterWall FurnaceOther
- Appliances Free- Standing Electric RangeFree- Standing Gas RangeRefrigerator
- Flooring Ceramic TileHardwoodVinylTile
- Interior Apartment/SuiteBathtub OnlyBathtub/Shower CombinationCeiling Fan(s)Entrance FoyerStorage
- Laundry Features None
- Fireplace No
Exterior Features
- Roof Shingle
- View City
- Fencing None
- Spa No
- Pool Features None
- Spa Features None
- Waterfront Property No
- Exterior Rain GuttersStorage
- Patio And Porch None
- Road Frontage City Street
- Other Structures None
Community Features
- Association Amenities None
- Community Features None
- Senior Community No
- Building Features Shared Utilities