903 N Park Road
Burlington, NC 27217
910 sqft | 2 beds | 1 bath | 0.18 acres | #10072296
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!
Property Details
- Utility FeaturesSewer Connected, Water Connected
- CoolingCeiling Fan(s), Central Air
- Elementary SchoolAlamance - R Homer Andrews
- High SchoolAlamance - Hugh Cummings
- Property SubtypeSingle Family Residence
- Lot FeaturesBack Yard, Front Yard
- Lot DescriptionBack Yard, Front Yard
- SubdivisionNot in a Subdivision
- Middle SchoolAlamance - Broadview
- Parking FeaturesDriveway, Outside
- Sewer InformationPublic Sewer
- Parking TypeDriveway
- Property TypePurchase
- CountyAlamance
- MLS #10072296
- MLS #10072296
- HeatingCentral
- RoofShingle
- Utility SourcePublic
- Cost118000
- StyleRanch
- Acres0.18
- Year Built1995
- Taxes Annual$600
- Square Feet910
- Bedrooms2
- Bathrooms1
- Full Baths1
- Stories1
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: . Source: TRIANGLEMLS
Listing Courtesy
Listing Agent: Stephen Fleming (#flemingste)
Listing Office: Berkshire Hathaway HomeService (#3232)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
