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.
Sold for $850,000
$850,000
210 E Morehead St, Burlington, NC 27215
--beds
--baths
--sqft
Apartment, Multi Family
Built in 1930
-- sqft lot
$827,500 Zestimate®
$--/sqft
$1,224 Estimated rent
Home value
$827,500
$695,000 - $985,000
$1,224/mo
Zestimate® history
Owner options
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$5,036/mo
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Reserved parking space
Zillow last checked:
Listing updated:
Listed by:
Marlo Countiss 336-269-5292,
RE/MAX DIAMOND REALTY,
Laura Countiss 336-269-4883,
RE/MAX DIAMOND REALTY
Bought with:
NONMEMBER NONMEMBER
nonmls
Source: Triad MLS,MLS#: 1157353
Originating MLS: Greensboro
Originating MLS: GreensboroFacts & features
Interior
Heating
- Multiple Systems, Electric, Natural Gas
Cooling
- Multi Units
Appliances
- Included: Electric Water Heater
- Laundry: None
Features
- Storage
- Flooring: Carpet, Tile, Vinyl, Wood
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 7,900
Property
Parking
- Total spaces: 11
- Parking features: Assigned, On Street, No Garage
- Has uncovered spaces: Yes
Features
- Pool features: None
Lot
- Size: 0.23 Acres
- Features: City Lot, Cleared, Not in Flood Zone
Details
- Parcel number: 135516
- Zoning: Apartment
- Special conditions: Owner Sale
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Apartment, Multi Family
Materials
- Brick, Vinyl Siding
Condition
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Burlington
Financial & listing details
- Tax assessed value: $485,382
- Annual tax amount: $5,243
- Date on market: 9/27/2024
- Cumulative days on market: 24 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 1/13/2025 | Sold | $850,000+6.9% |
Source:  Triad MLS #1157353 Report a problem | ||
| 10/21/2024 | Pending sale | $795,000 |
Source: Triad MLS #1157353 Report a problem | ||
| 9/27/2024 | Listed for sale | $795,000 |
Source: Triad MLS #1157353 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 27215
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Nearby schools
GreatSchools rating
- 5/10Grove Park ElementaryGrades: PK-5Distance: 1.5 mi
- 2/10Turrentine MiddleGrades: 6-8Distance: 1.4 mi
- 4/10Walter M Williams HighGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Grove Park
- Middle: Turrentine
- High: Williams
Source: Triad MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$827,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$827,500
- North Carolina
- Alamance County
- Burlington
- 27215
- 210 E Morehead St
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