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(704) 579-0000
Real Estate Company
1212, 1214, 1216, 1218 Alexander Street, Statesville, NC 28677
- $460,000
- 8
- BD
- 2,800
- SqFt
Listing courtesy of Michael Andrew Group LLC. michaelncrealtor@gmail.com
- List Price
- $460,000
- MLS#
- 4437691
- Status
- ACTIVE
- Days on Market
- 0
- Property Type
- Residential Income
- Distressed Property
- Yes
- Year Built
- 2024
- Bedrooms
- 8
- Full Baths
- 4
- Lot Size
- 15,681
- Lot Size Area
- 0.36
- Living Area
- 2,800
- Sq Ft Total
- 2800
- County
- Iredell
- Special Conditions
- Subject to Lease
Property Description
Expand your investment portfolio with this opportunity featuring two duplex buildings completed in 2024, offering four residential units situated on approximately 0.36 acres! Each unit features 2 bedrooms and 1 bathroom, providing a total of 8 bedrooms and 4 bathrooms across the property. With construction completed in 2024, the property offers modern finishes and newer major systems, making it an attractive option for investors seeking long-term rental potential. One duplex is fully occupied, with both units leased through mid-2027, providing established rental income, while the second duplex is vacant and ready for new tenants. This combination offers investors the benefit of existing tenancy alongside the flexibility to establish rental terms for the two vacant units. With four residential units, newer construction, and additional leasing potential, this property presents an attractive opportunity to grow or diversify an investment portfolio.
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Additional Information
- Floor Coverings
- Vinyl
- Equipment
- Electric Oven, Electric Range, Electric Water Heater, Refrigerator
- Foundation
- Crawl Space
- Laundry Location
- Electric Dryer Hookup, In Kitchen, Washer Hookup
- Heating
- Heat Pump
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Vinyl
- Roof
- Architectural Shingle
- Parking
- Driveway, Other - See Remarks
- Driveway
- Asphalt, Paved
- Lot Description
- Corner Lot
- Elementary School
- N.B. Mills
- Middle School
- Third Creek
- High School
- Statesville
- Zoning
- R5MF
- Total Property HLA
- 2800
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