210 E Morehead Street Pending

Burlington,NC 27215

$ 795000

11 Beds

11 Baths

7900 SqFt


Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

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

Year Built 1930

Annual Tax Amount $3,101

Lot Size 10,018 Sqft

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

Rooms

Other Rooms None

Interior

Heating Natural Gas,Space Heater,Wall Furnace,Other

Cooling Multi Units

Flooring Ceramic Tile,Hardwood,Vinyl,Tile

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

Building

Lot Description City Lot,Paved

Building Description Brick Veneer, Shared Utilities

Story 3

Foundation Block

Sewer Public Sewer

Water Public

Structure Type Brick Veneer

New Construction No

Schools

Elementary Schools Alamance - Grove Park

Middle Schools Alamance - Turrentine

High Schools Alamance - Walter Williams

Others

Special Listing Condition Standard

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