Print Listing Details for 905 N Park Rd

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905 N Park Rd Burlington, NC 27217
Listing # 10072297

• $118,000
• 2 Bedrooms, 1 Baths, 816 Sq. Ft.

This charming ranch-style home on a .18-acre lot offers great potential for rental income growth. Located just a short walk from North Park, the property features two cozy bedrooms with carpeting, a bathroom with a tub/shower combo and vinyl flooring, and a covered front porch. Currently rented at $570/month through the Graham Housing Authority on a month-to-month lease, this is well below market value and has just been approved for an increase to $925/month starting in March. The property is priced to provide a strong return, offering a CAP rate of over 7.2% based on fair market rental rates with room to increase with updates. Recent updates include a new roof installed in 2022, new HVAC system in 2023, and a new water heater in 2024. Sold AS-IS. Don't miss out on this chance to grow your cash flow in a desirable location with room for improvement.

Bathrooms

• 1 Full Baths

• *Approximate Payments: $598
• Price / Sq. Ft: $145
• Days On Market: 6
• Year Built: 1995

• Address: 905 N Park Rd
• City: Burlington
• Zip Code: 27217
• County: Alamance
• Subdivision: Not in a Subdivision

• Elementary School: Alamance - R Homer Andrews
• Middle School: Alamance - Broadview
• High School: Alamance - Hugh Cummings

• # Fireplaces: 0
• Flooring: Carpet

• Construction Materials: Frame,Stucco
• Roof: Shingle
• Foundation: Raised

• Property Type: Single Family Residence
• Style: Ranch
• Levels: One
• New Construction: No

• Lot: Back Yard,Front Yard
• Lot Size Acres: 0.17

• Heating: Central
• Cooling: Central Air
• Water Source: Public
• Sewer: Public Sewer

• Total HOA Dues: $0.00
• Annual Taxes: $551.60

• Listing Office: Berkshire Hathaway HomeService
• List Status: Pending