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According to the listing agent, this listing is a bank owned (foreclosed) property. |
This charming ranch-style home on a .18-acre lot offers great potential for rental income growth. Located just a short walk from North Park, the property features two cozy bedrooms with carpeting, a bathroom with a tub/shower combo and vinyl flooring, and a covered front porch. Currently rented at $570/month through the Graham Housing Authority on a month-to-month lease, this is well below market value and has just been approved for an increase to $925/month starting in March. The property is priced to provide a strong return, offering a CAP rate of over 7.2% based on fair market rental rates with room to increase with updates. Recent updates include a new roof installed in 2022, new HVAC system in 2023, and a new water heater in 2024. Sold AS-IS. Don't miss out on this chance to grow your cash flow in a desirable location with room for improvement.
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 | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Frame, Stucco |
| HEAT | Central |
| LOT | 7405 sq ft |
| LOT DESCRIPTION | Back Yard, Front Yard |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Ranch |
| SUBDIVISION | Not in a Subdivision |
| TAXES | 551.6 |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
Location
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Listed with Berkshire Hathaway HomeService
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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 9:16 PM PST.
This IDX solution is (c) Diverse Solutions 2025.
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