$795,000
Active
1 Day Online
11 Beds11 Baths7,900 SQFT
Active

210 E Morehead Street Burlington, NC 27215

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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

Schools

School District
Unknown
Elementary School
Alamance - Grove Park
Middle School
Alamance - Turrentine
High School
Alamance - Walter Williams

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Monthly Payment (Est.)

$3,846
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