905 N Park Road, Burlington, NC 27217
- Beds
- 2
- Bath
- 1
- Sqft
- 816
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
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.
Location
Full feature list
Basic info
- Property type
- House
- Number of stories
- 1
- Number of bedrooms
- 2
- Number of bathrooms
- 1
- Square feet
- 816
- Lot size (acres)
- 0.17
- Year built
- 1995
Utilities
- Heating
- Central
- Cooling
- Central air
- Sewer
- Public sewer
- Water
- Public
Taxes
- Tax Annual Amount (2024)
- $551.60
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Triangle MLS MLS®#: 10072297 Last checked: …
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