For sale

Price cut: $25K (5/6)

$800,000

1954 Lakeview Rd, Asheboro, NC 27203

--beds

--baths

--sqft

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Apartment, Multi Family

Built in 1979

-- sqft lot

$779,200 Zestimate^®

$--/sqft

$-- HOA

What's special

Standardized layouts

Expand your portfolio w/ this stabilized, income-producing asset at 1954 Lakeview Rd. This impressive 10-unit complex is fully occupied & consists of uniform 1-bedroom, 1-bathroom units, providing a streamlined management experience & consistent demand. Property currently generates monthly rental income of $7,739, resulting in substantial gross annual income of $92,868. W/ 100% occupancy & a mix of established & new leases, property offers immediate, reliable cash flow from day one. The standardized layouts allow efficient turnovers and simplified maintenance, ideal for investor seeking a turnkey multi-family addition. Financial details, including a full Profit & Loss statement & current lease ledger, are available in the attached documents for your review. To ensure a professional transaction & respect privacy, proof of funds or mortgage pre-approval is required prior to scheduling any walkthroughs. Don't miss out on this high-performing residential complex!

77 days

155

11

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Facts & features

Interior

Heating

Baseboard, Electric

Cooling

Window Unit(s)

Appliances

Included: Electric Water Heater

Features

Has basement: No
Has fireplace: No

Property

Parking

Parking features: Paved

Features

Pool features: None

Lot

Size: 0.48 Acres

Details

Parcel number: 7762493027
Zoning: RA6
Special conditions: Owner Sale

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment, Multi Family

Condition

Year built: 1979

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Asheboro

Financial & listing details

Tax assessed value: $180,530
Annual tax amount: $2,393
Date on market: 4/9/2026
Cumulative days on market: 77 days
Listing agreement: Exclusive Right To Sell

Estimated market value

$779,200

$740,000 - $818,000

$1,118/mo

Price history

Date	Event	Price
5/6/2026	Price change	$800,000-3%
Source: Triad MLS #1215392 Report a problem
4/9/2026	Listed for sale	$825,000
Source: Triad MLS #1215392 Report a problem
1/25/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
1/24/2022	Listed for rent	$525
Source: Zillow Rental Manager Report a problem
9/28/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
9/4/2021	Listed for rent	$525+5%
Source: Zillow Rental Manager Report a problem
8/15/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
6/7/2021	Listed for rent	$500
Source: Zillow Rental Manager Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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