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According to the listing agent, this listing is a bank owned (foreclosed) property. |
Investment Opportunity: Ranch-style property in Burlington on a .18-acre lot. This property features two bedrooms with carpeting, a bathroom with a tub/shower combo and vinyl flooring, and a covered porch. Currently rented at $630/month with a month-to-month lease, well below market value, offering significant potential for rental income growth. The property is priced at over a 7.2% CAP rate based on fair market rental rates. New roof installed in 2021. Sold AS-IS. Don't miss this opportunity to increase cash flow in a desirable location!
Property Type(s):
Single Family
| Last Updated | 1/23/2025 | Tract | Not in a Subdivision |
|---|---|---|---|
| Year Built | 1995 | County | Alamance |
SCHOOLS
| Elementary School | Alamance - R Homer Andrews |
|---|---|
| Jr. High School | Alamance - Broadview |
| High School | Alamance - Hugh Cummings |
Additional Details
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Frame, Stucco |
| HEAT | Central |
| LOT | 7841 sq ft |
| LOT DESCRIPTION | Back Yard, Front Yard |
| PARKING | Driveway, Outside |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Ranch |
| SUBDIVISION | Not in a Subdivision |
| TAXES | 600 |
| UTILITIES | Sewer Connected, Water Connected |
| WATER | Public |
Location
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Listed with Berkshire Hathaway HomeService
Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database.
Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property
Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.
Data last updated: 1/23/25 9:15 PM PST.
This IDX solution is (c) Diverse Solutions 2025.
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