309 W Morgan St, Wadesboro, NC, 28170
8beds
8baths
5,093sqft
$499,000
$98price/sqft
$3,927/moest. monthly cost
$157,080/yrincome needed
About This Home
Beautiful historic home that has been converted to 8 apartments within walking distance to downtown Wadesboro. Currently generating over $59k in net cash flow generating over an 11% Cap rate!!! This building has maintained much of it's charm over the years with original hardwood floors and other classic accents throughout the building. Currently 8 of the apartments are occupied and many have been painted and refurbished. Most of the tenets have lived at this property for over a year. This property is a great opportunity for a savvy investor or anyone who loves big historic homes.
Getting Around
47
Car-Dependent0
Very Limited Transit38
Somewhat BikeableSchools
4/10
1/10
3/10
Construction
Condition
- Year built: 1890
Materials
- Foundation: Crawl Space
- Construction materials: Wood
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Water Heater
- Laundry features: Laundry Room
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
- Main level bedrooms: 5
Features
- Finished area below ground: 0
- Finished area above ground: 5,093
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: Ceiling Fan(s),Wall Unit(s)
Interior Area
- Total structure area: 5,093
- Total interior livable area: 5,093 sqft
Primary Bedroom
- Level: Main
- Dimensions: 10' 0" X 0' 0"
Property
Details
- Parcel number: 64741563492700
- Zoning: MultiFam
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 0.39 Acres
- Lot size dimensions: Irregular
Parking
- Parking features: Driveway,Parking Lot
- Has uncovered spaces: Yes