Burlington, NC 27215,210 Morehead ST
Burlington, NC 27215,210 Morehead ST
Burlington, NC 27215,210 Morehead ST
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$795,000
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10,018 Sqft Lot
Pending

210 Morehead ST Burlington, NC 27215

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UPDATED:

10/21/2024 08:15 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 1157353

HOA Y/N No

Originating Board Triad MLS

Year Built 1930

Lot Size 10,018 Sqft

Acres 0.23

Property Description

Incredible investment opportunity! 7900 square foot 11-unit building, fully rented (one tenant has been asked to vacate) with several long-term tenants (current tenant average is 10+ 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 for the water heater, electricity for the common areas and water average $7000. All tenants (except 1) 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.

Location

State NC

County Alamance

Interior

Heating Multiple Systems, Electric, Natural Gas

Cooling Multiple Systems

Flooring Carpet, Tile, Vinyl, Wood

Appliance Electric Water Heater

Laundry None

Exterior

Parking Features None

Pool None

Total Parking Spaces 11

Building

Lot Description City Lot, Cleared

Sewer Public Sewer

Water Public

Architectural Style Two Story

New Construction No

Schools

Elementary Schools Grove Park

Middle Schools Turrentine

High Schools Williams

Others

Special Listing Condition Owner Sale


Triad MLS
Listed by RE/MAX DIAMOND REALTY

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Jeremiah Drakeford

REALTOR | Director Of Operations | License ID: 302444

+1(336) 327-3292

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210 Morehead ST