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The Coley Group

[email protected] +1(919) 868-3570

Listed by Re/MaxDiamond Realty

$ 795,000

Est. payment -/mo

Save

Active

210 E Morehead Street Burlington, NC 27215

11 Beds

11 Baths

7,900 SqFt

UPDATED:

10/16/2024 08:01 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 7,900 sqft

Price per Sqft $100

Subdivision Not In A Subdivision

MLS Listing ID 10055302

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 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

Waterfront No

View Y/N Yes

View City

Roof Type Shingle

Street Surface Paved

Porch None

Parking Type Assigned, On Street, Parking Lot, Paved

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

The Coley Group

Client Coordinator

+1(919) 868-3570

The Coley Group

210 E Morehead Street Burlington, NC 27215

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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210 E Morehead Street