Investors & Builders, this is a unique investment opportunity. This property built in 1910 or earlier, located in the railroad district near downtown Burlington. 5,108 sqft on .528-acre lot, is being sold as-is and features both a partial basement and a crawlspace.
Divided into seven units offering flexible rental configurations, four upstairs units consisting of 1 bedroom, 1 bathroom, and a kitchen each, and three downstairs units featuring 2 bedrooms, 1 bathroom, and a kitchen each. The inclusion of a partial basement and crawlspace adds further potential for development or storage options.
Caution this property requires extensive rehabilitation due to years of vacancy. Certain areas of the property may pose safety risks, including weakened floors due to water damage. Be advised, and entry into specific areas is at one's own risk. The seller will not be liable for any injuries sustained on the property.
Despite its current condition, this property presents an exciting opportunity for investors and builders with a keen eye for potential. By restoring this property, you can contribute to the preservation of Burlington's architectural heritage and the revitalization of the surrounding community.
Convenient location close to downtown Burington, Elon University, hospitals, parks, shopping, entertainment, and restaurants.
Send all offers with proof of funds to Stacy Rogers 336-501-5505 [email protected]; Co-Agent Chris Rogers 336-937-0837; [email protected]. Keller Williams does not hold earnest money. The Buyer's Agent handles verifying all schools.
Property Type :
Residential
Subdivision :
Not In A Subdivision
County :
Alamance
Style :
Residential
Sell a home like this and save $11,501 Find Out How
Copyright © 2022 by the Multiple Listing Service of the Triangle MLS, Inc. This information is believed to be
accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted,
copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the
Multiple Listing Service of the Triangle MLS, Inc.
Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to
purchase real estate, is prohibited.
ByOwner last updated this listing 04/29/2024 @ 03:48
MLS: 10019767
LISTED BY: Stacy, Keller Williams Central
SOURCE: Triangle MLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
