Bought with DASH Carolina
$116,000
$118,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
903 N Park Road Burlington, NC 27217
2 Beds
1 Bath
910 SqFt
Key Details
Sold Price $116,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 910 sqft
Price per Sqft $127
Subdivision Not In A Subdivision
MLS Listing ID 10072296
Sold Date 03/28/25
Bedrooms 2
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 910
Originating Board Triangle MLS
Year Built 1995
Annual Tax Amount $600
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Single Family Residence
Property Description
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!
Location
State NC
County Alamance
Direction From Downtown Burlington: Head north on S Main St toward W Davis St. Continue straight as Main St becomes N Park Rd. Follow N Park Rd until you reach 903 N Park Rd on the left. From I-40/I-85: Take exit 143 for NC-62 N toward Alamance/Burlington. Continue on NC-62 N. Turn right onto N Park Rd and continue straight until you arrive at 903 N Park Rd. From Alamance Rd (US-70): Head west on Alamance Rd, then turn right onto N Park Rd. Continue north, and 903 N Park Rd will be on your right.
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Carpet
Exterior
Fence None
Utilities Available Sewer Connected, Water Connected
View Y/N Yes
Roof Type Shingle
Street Surface Concrete
Porch Covered, Front Porch
Garage No
Private Pool No
Building
Lot Description Back Yard, Front Yard
Faces From Downtown Burlington: Head north on S Main St toward W Davis St. Continue straight as Main St becomes N Park Rd. Follow N Park Rd until you reach 903 N Park Rd on the left. From I-40/I-85: Take exit 143 for NC-62 N toward Alamance/Burlington. Continue on NC-62 N. Turn right onto N Park Rd and continue straight until you arrive at 903 N Park Rd. From Alamance Rd (US-70): Head west on Alamance Rd, then turn right onto N Park Rd. Continue north, and 903 N Park Rd will be on your right.
Story 1
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories 1
Structure Type Frame,Stucco
New Construction No
Schools
Elementary Schools Alamance - R Homer Andrews
Middle Schools Alamance - Broadview
High Schools Alamance - Hugh Cummings
Others
Tax ID 140639
Special Listing Condition Real Estate Owned
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