Hidden Gem in Burlington. Currently set up as duplex. Landlords and buy+hold investors take notice! Here’s your chance for long-term cash flow. Can be kept as duplex or converted back to single family home. almost 1,500SF of space. Property was built in 1928. The property will be delivered vacant. Fixer upper in need of TLC. There’s 2 bathrooms upstairs, one on each side of duplex and a bathroom in rear of left unit.
Repairs needed: upgrade electrical, upgrade plumbing, drywall, replace all windows, install central HVAC. Roof in decent condition. update kitchens and bathrooms.
Located just minutes off I-85, nestled between the Triangle and the Triad. Easy commute to Greensboro-High Point-Winston or Raleigh-Durham-Chapel Hill. Close to highway, shopping, and restaurants.
Address: 313 Cleveland Ave, Burlington NC
3BR, 3BA 1,490SF, .20 acres
YR Built: 1928
Repairs: TBD by Investor
Annual rent: $800 per unit / per month x 2 = $1600/mo x 12 = $19,200
Link to photos
Occupancy: Occupied, do not disturb tenants. The property will be delivered vacant.
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1063 Queen Ann St, Burlington NC Pending $215K, 3BR/2BA 1,554SF, investor originally purchased for $85,000
1027 W Main St, Burlington NC Listed for $315K, started as 2BR/1BA, now 4BR/3BA, investor purchased for $80K, remodeled and finished basement doubling square footage, now listed for $315K
Showing: With accepted offer only
*Contact Polite Properties at 919-332-1012 or email email@example.com or Info@politeproperties.com to make offer.
*If you prefer not to bid against other investors, offers may be accepted before showing date. If accepted, contract will be assigned and a private walkthrough will be scheduled.