210 Morehead Street
Burlington, NC 27215
0.23 acres | #1157353
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.
Property Details
- Lot DescriptionCity Lot, Cleared
Measurements
- Acres0.23
Construction Details
- Property TypeMulti-Family
- StyleTwo Story
Condition
- Year Built1930
Utilities / Energy Details
- Sewer InformationPublic Sewer
- Utility SourcePublic
Community and Neighborhood Details
- Elementary SchoolGrove Park
- Middle SchoolTurrentine
- High SchoolWilliams
- CountyAlamance
Financial Details
- Taxes Annual$5,243
Other
- MLS #1157353
Location
Legal
Listings identified with the TRIADMLS IDX logo come from TRIADMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.
Last Updated: . Source: TRIADMLS
Listing Courtesy
Listing Agent: Marlo Countiss (#250457)
Listing Office: RE/MAX DIAMOND REALTY (#GRDR01)
Listing Courtesy (Buyer)
Buyer's Agent: NONMEMBER NONMEMBER (#NONMEMBER)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
