309 Morgan Street
Wadesboro, NC 28170
$478,888
Price Reduced · $20.1K- TypeSingle Family
- Built1890
- $ / sq ft$94
- On site167 days on site
ZGBT Home Insights
Listed by: Drew Tatum · COMPASS
Source: Canopy MLS as distributed by MLS GRID · MLS#: CAR4356330
Quick facts
- Property type
- Single Family Residence
- Year built
- 1890
- Heating
- Wall Furnace
- Cooling
- Ceiling Fan(s), Wall Unit(s)
- Water
- City
- Sewer
- Public Sewer
- Parking
- Driveway, Parking Lot
- Lot size
- 0.39 acres
About this home
Beautiful historic home that has been converted to 8 apartments within walking distance to downtown Wadesboro. Currently generating over $59k in net cash flow generating over an 11% Cap rate!!! This building has maintained much of it's charm over the years with original hardwood floors and other classic accents throughout the building. Currently 8 of the apartments are occupied and many have been painted and refurbished. Most of the tenets have lived at this property for over a year. This property is a great opportunity for a savvy investor or anyone who loves big historic homes.
Facts & features
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Home Details
- Year Built
- 1890
- Lot Size
- 0.39 acres
- Parking
- Driveway
- Parking Lot
- Levels
- Two
- Property Subtype
- Single Family Residence
Interior
- Heating
- Wall Furnace
- Cooling
- Ceiling Fan(s)
- Wall Unit(s)
- Appliances
- Electric Water Heater
Exterior & Construction
- Construction Materials
- Wood
- Water Source
- City
- Sewer
- Public Sewer
HOA & Taxes
- Tax Assessed Value
- $215,700
Price history
| Date | Event | Price |
|---|---|---|
| Listed | $499,000 |
Location
309 Morgan Street, Wadesboro, NC 28170
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