Rare 11-unit brick apartment building in the heart of Burlington NC. Steps from the central business district and LabCorp HQ. 6 one bedrooms units & 5 studio apartments with recently upgraded units.

Nice, walkable neighborhood short distance from restaurants, shops and bars. Potential for short term rental, Executive rental or AirBnb!

PROPERTY ADDRESS:
210 E Morehead St Burlington, NC 27215

PROPERTY DETAILS:

Units = 11 / Bedrooms = 11 / Bathrooms = 11

Size of Building (Sq Ft) = 7,911

Lot size: .64 acres / 27,791 SF

Occupancy = 100% Occupied

PRICE: $775,000

Rent Roll: Rents below market. Also avg nightly rate for Airbnb or STR is $125/night

Link to Exterior Photos

Link to Interior Photos

Utilities:

Water: Owner pays water $313/mo

Common area electric: Owner pays $97/mo

Sold Comps

We encourage you to do your own due diligence, as your budget/estimates may differ from ours!

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FOR MORE INFORMATION  CALL TO MAKE AN OFFER:

CALL Polite Properties at 336-396-8713 or EMAIL Dedric@politeproperties.com

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FOR MORE OFF-MARKET WHOLESALE DEALS:

Sign up for our VIP Cash Buyers list at www.reicashbuyer.com

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BIDS & OFFERS:

If you prefer not to bid against other investors, offers may be accepted before the showing date. If accepted, the contract will be assigned and a private walkthrough will be scheduled.

We are selling our assignable purchase agreement on this property.

A $3,000 non-refundable deposit is required upon acceptance of the offer. Call to schedule a showing. Do not show up to the property without an appointment.

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DISCLAIMER:

Please do your own due diligence. Apartment is being sold as-is, and the buyer is to pay all closing costs. Price is based on a cash or hard money offer.

All offers on properties require a $3,000 non-refundable earnest deposit and a 10-day close of escrow. No waiting for a response. We respond immediately to an offer. Equal Opportunity Housing.

If You or Your entity do ANYTHING to jeopardize the contract between Polite Property Investments LLC and the seller of the property, including but not limited to marketing the property without authorization, putting the property on Craigslist, or going to the property without permission YOU or Your ENTITY WILL BE HELD PERSONALLY RESPONSIBLE FOR DAMAGES OF TOTAL PROJECTED PROFIT MARGINS.