Bought with DASH Carolina
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210 E Morehead Street Burlington, NC 27215
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Key Details
Sold Price $850,000
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 7,900 sqft
Price per Sqft $107
Subdivision Not In A Subdivision
MLS Listing ID 10055302
Sold Date 01/13/25
Style Multi Family
Bedrooms 11
Full Baths 11
HOA Y/N No
Abv Grd Liv Area 7,900
Originating Board Triangle MLS
Year Built 1930
Annual Tax Amount $3,101
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Apartment
Property Description
WE CURRENTLY HAVE AN OFFER IN ATTORNEY REVIEW AND ARE NOT ALLOWING SHOWINGS. IF YOUR CLIENT WANTS TO MAKE A BACKUP OFFER PLEASE EMAIL IT TO ME. 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
Zoning Apartment
Direction From I85/40, Exit 143, Burlington on Maple Ave toward Downtown Burlington. Left on Morehead St. Building will be on your right.
Rooms
Other Rooms None
Basement Block, Crawl Space, Unfinished
Interior
Interior Features Apartment/Suite, Bathtub Only, Bathtub/Shower Combination, Ceiling Fan(s), Entrance Foyer, Storage
Heating Natural Gas, Space Heater, Wall Furnace, Other
Cooling Multi Units
Flooring Ceramic Tile, Hardwood, Vinyl, Tile
Fireplace No
Appliance Free-Standing Electric Range, Free-Standing Gas Range, Refrigerator
Laundry None
Exterior
Exterior Feature Rain Gutters, Storage
Fence None
Pool None
Community Features None
Utilities Available Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
View Y/N Yes
View City
Roof Type Shingle
Street Surface Paved
Porch None
Garage No
Private Pool No
Building
Lot Description City Lot, Paved
Building Description Brick Veneer, Shared Utilities
Faces From I85/40, Exit 143, Burlington on Maple Ave toward Downtown Burlington. Left on Morehead St. Building will be on your right.
Story 3
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Transitional
Level or Stories 3
Structure Type Brick Veneer
New Construction No
Schools
Elementary Schools Alamance - Grove Park
Middle Schools Alamance - Turrentine
High Schools Alamance - Walter Williams
Others
Senior Community false
Tax ID 135516
Special Listing Condition Standard
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