1314 Franklin Avenue

High Point, NC 27260

$275,000
Price
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Beds
—Sq. Ft.
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Sq. Ft.
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per Sq. Ft.

Description

This is an investors dream! Cash flowing right now! The crawl space was fitted with a moisture barrier and regular pest inspection and treatment done. Private parking in the rear of the house. Two rooms are furnished. The best thing about this property is the 13.5% cap rate! Unheard of! The seller is the listing agent and is willing to maintain the property management for the potential buyer at 10%. This is the investment opportunity you have been waiting on! A cash flowing asset perfect for DSCR...This is an investors dream! Cash flowing right now! The crawl space was fitted with a moisture barrier and regular pest inspection and treatment done. Private parking in the rear of the house. Two rooms are furnished. The best thing about this property is the 13.5% cap rate! Unheard of! The seller is the listing agent and is willing to maintain the property management for the potential buyer at 10%. This is the investment opportunity you have been waiting on! A cash flowing asset perfect for DSCR seekers! $5000 towards closing costs with full price cash offers.
  1. Listed by Carlos Parks • Versatile Real Estate Group

Property Details for 1314 Franklin Avenue

Zoning
RM-8
LISTING UPDATED: 07/29/2024 02:58 PM

Property Details for 1314 Franklin Avenue

StatusPrice Change
MLS #1108096
Days on Market422
Taxes$599 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Rooming House
Year Built1922
Lot Size-
CountyGuilford County

Building Information for 1314 Franklin Avenue

Stories-Residences-Year Built1922Building Size-Lot Size-

Property Information for 1314 Franklin Avenue

Summary
Location and General Information
  • County Or Parish: Guilford
  • City: High Point
  • Directions: traveling up Green St towards University, turn right on Hill St, then left on Franklin. House is on the left
  • Latitude: 35.954972
  • Longitude: -79.987449
  • Postal Code: 27260
Taxes and HOA Information
  • List AOR: Winston-Salem
  • Tax Rate: 6.75%
  • Tax Annual Amount: $599.00
  • Tax Assessed Value: $136,900.00
  • Tax Year: 2022
  • Parcel Number: 0174706
  • Association: No
Parking
  • Parking Features: Driveway, Enclosed, Gravel, Lighted
Property
Lot Information
  • Lot Size Dimensions: 12632
  • Above Grade Finished Area: 0.0
  • Total Heated Finished SqFt Range: 0 - 0
  • Water Source: Public
  • Year Built: 1922
Property and Assessments
  • Photos Count: 17
  • Property Type: Residential Income
  • Deed Book: 7993
  • Deed Page: 2512
  • Documents Count: 3
Utilities
  • Heating Fuel: Electric
  • Sewer: Public Sewer
  • Water Heater: Electric
Interior and Exterior Features
Exterior Features
  • Pool Features: None
  • Pool: No
Interior Features
  • Appliances: Electric Water Heater
  • Cooling: Central Air
  • Heating: Forced Air, Electric
Multi Family
Multi-Family Information
  • Number Of Units In Community: 1
Rental
Rental Information
  • Listing Agreement: Exclusive Right to Sell, Exclusive Right To Sell

Property History for 1314 Franklin Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1314 Franklin Avenue

Taxable ValueLand$8,000Additions$207,900Total$215,900
Tax Record2024$1,886 ($157 / month)
Home Facts
Beds4Baths2Total Finished SqFt1,634 SqFtAbove Grade Finished SqFt1,634 SqFtStories1Lot Size12,632 SqFtStyleSingle Family ResidenceYear Built1922Year Renovated2012ZoningRMCountyGUILFORDAPN0174706Fireplace TypeHas Fireplace

Schools near 1314 Franklin Avenue

This home is within Guilford County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 13
Rating
School
Distance
Triangle Lake Montessori Elementary School
PublicPK to 5

Southwest Guilford Middle School
Public6 to 8

Southwest Guilford High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1314 Franklin Avenue is a multi-family home for sale in High Point, NC 27260. This property was listed for sale on June 7, 2023 by Versatile Real Estate Group, it's currently listed at $275,000. It has been on the market for a total of 422 days and was last sold on April 18, 2022. This listing's school district is Guilford County School District. Nearby schools include Triangle Lake Montessori Elementary School, Southwest Guilford Middle School and Southwest Guilford High School. 1314 Franklin Avenue is a 0-bed, 0-bath, multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Versatile Real Estate Group

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