210 East Morehead Street

Burlington, NC 27215

$795,000
Price
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Beds
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Sq. Ft.
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per Sq. Ft.

Description

Incredible investment opportunity! 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...Incredible investment opportunity! 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.
  1. Listed by Marlo Countiss • RE/MAX DIAMOND REALTY
  2. Listed by Laura Countiss • RE/MAX DIAMOND REALTY

Property Details for 210 East Morehead Street

Architectural Style
Two Story
Flood Zone
Not in Flood Zone
Zoning
Apartment
LISTING UPDATED: 10/01/2024 02:07 PM

Property Details for 210 East Morehead Street

StatusNew Listing
MLS #1157353
Days on Market21
Taxes$5,243 / year
HOA Fees-
Condo/Co-op Fees$90 / year
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1930
CountyAlamance County

Building Information for 210 East Morehead Street

Building/Complex210 E Morehead StFloor-Stories-Residences11Pet Policy-Year Built1930Building Size-

Property Information for 210 East Morehead Street

Summary
Location and General Information
  • County Or Parish: Alamance
  • City: Burlington
  • Directions: From I85/40, Exit 143, Burlington on Maple Ave toward Downtown Burlington. Left on Morehead St. Building will be on your right.
  • Latitude: 36.090937
  • Longitude: -79.438511
  • Postal Code: 27215
  • City Limits: Yes
Taxes and HOA Information
  • List AOR: Greensboro
  • Tax Rate: 1.12%
  • Tax Annual Amount: $5,243.00
  • Tax Assessed Value: $485,382.00
  • Tax Legal Description: BL Morehead St
  • Tax Year: 2023
  • Parcel Number: 135516
  • Association: No
Parking
  • Garage Spaces: 0.0
  • Parking Features: Assigned, On Street, No Garage
  • Parking Total: 11.0
  • Garage Description: None
School Information
  • High School: Williams
  • Elementary School: Grove Park
Property
Lot Information
  • Lot Features: City Lot, Cleared
  • Lot Size Acres: 0.23
  • Lot Size Dimensions: rect
  • Building Area Total: 7900.0
  • Built Information: Existing
  • Storage: Closet
  • Water Source: Public
  • Year Built: 1930
Property and Assessments
  • Photos Count: 46
  • Property Type: Residential Income
  • Deed Book: 2095
  • Deed Page: 810
  • Documents Count: 4
Utilities
  • Heating Fuel: Electric, Natural Gas
  • Sewer: Public Sewer
  • Water Heater: Electric
Interior and Exterior Features
Exterior Features
  • Pool Features: None
  • Construction Materials: Brick, Vinyl Siding
  • Laundry Features: None
  • Pool: No
Interior Features
  • Appliances: Electric Water Heater
  • Cooling: Multiple Systems
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Heating: Multiple Systems, Electric, Natural Gas
Multi Family
Multi-Family Information
  • Number of Unfurnished Units: 11
  • Total Units: 11
  • Units Furnished: None
  • Number Of Units In Community: 11
Income & Expenses Information
  • Electric Expense: $136.00
  • Fuel Expense: $183.00
  • Insurance Expense: $337.00
  • Maintenance Expense: $90.00
  • New Taxes Expense: $5,403.00
  • Water Sewer Expense: $424.00
Rental
Rental Information
  • Listing Agreement: Exclusive Right To Sell
  • Number Of Units Leased: 11

Property History for 210 East Morehead Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 210 East Morehead Street

Taxable ValueLand$55,911Additions$429,471Total$485,382
Tax Record2023$2,097 ($175 / month)
Home Facts
Total Finished SqFt7,911 SqFtAbove Grade Finished SqFt7,911 SqFtStories1Lot Size8,668 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningB 3CountyALAMANCEAPN135516

Schools near 210 East Morehead Street

This home is within Alamance-Burlington School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Grove Park Elementary
PublicPK to 5

Turrentine Middle
Public6 to 8

Walter M Williams High
Public9 to 12

NC School for Deaf Morganton
PublicK 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.

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210 East Morehead Street is a multi-family home for sale in Burlington, NC 27215. This property was listed for sale on September 27, 2024 by RE/MAX DIAMOND REALTY, it's currently listed at $795,000. It has been on the market for a total of 21 days and was last sold on June 14, 2004. This listing's school district is Alamance-Burlington School District. Nearby schools include Grove Park Elementary, Turrentine Middle and Walter M Williams High. 210 East Morehead Street is a 0-bed, 0-bath, multi-family home built in 1930.

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 RE/MAX DIAMOND REALTY

Listings marked with an icon are provided in part courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Listings are also provided in part by the IDX program of Longleaf Pine REALTORS and Alamance MLS. Copyright 2024 Triangle MLS, Inc. of North Carolina. Copyright 2024 Longleaf Pine REALTORS. Copyright 2024 Alamance MLS. All rights reserved. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s). Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA competitive or home valuation of any property.