7 Beds
3 Baths
2,792 SqFt
7 Beds
3 Baths
2,792 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,792 sqft
Price per Sqft $167
MLS Listing ID 4407726
Bedrooms 7
Full Baths 3
Abv Grd Liv Area 2,792
Year Built 1914
Lot Size 0.950 Acres
Acres 0.95
Property Sub-Type Single Family Residence
Property Description
Situated on approximately 0.95 acres, the property also offers a large private parking lot for residents and a detached garage used exclusively for owner storage.
Since purchasing the property in 2019, the current owners have completed numerous major capital improvements, including a new roof, plumbing upgrades, all new windows, new HVAC equipment, and a fully functional, code-compliant commercial fire sprinkler system.
The property is currently approved for commercial use (buyers should verify current zoning and permitted uses with the Town of Wingate, as zoning confirmation is pending). Only one bedroom is currently occupied, as ownership has elected to stop leasing additional rooms in preparation for the sale. This provides the new owner with the opportunity to establish their own leasing strategy, tenant selection, and rental rates while filling the remaining vacancies at their own pace.
With its established history as student housing, ample on-site parking, significant recent improvements, and prime location just minutes from Wingate University, this is a rare opportunity to acquire a unique investment property with substantial upside potential.
Location
State NC
County Union
Zoning B1
Rooms
Main Level Bedrooms 4
Main Level Bedroom(s)
Interior
Heating Heat Pump, Natural Gas
Cooling Central Air, Heat Pump
Fireplaces Type Non-Functional
Fireplace false
Appliance None
Laundry Common Area, Utility Room
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas
Street Surface Asphalt,Paved
Porch Wrap Around
Garage false
Building
Lot Description Corner Lot
Dwelling Type Site Built
Foundation Crawl Space
Sewer Public Sewer
Water City
Level or Stories Two
Structure Type Hardboard Siding
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Senior Community false
Special Listing Condition None
NEARBY SCHOOLS & PROPERTIES
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